1410 Palmdale St is aretail property for lease in Jacksonville, FL.
The property currently has two tenants in place, and two additional tenants can be added, or a buyer could use the available space for its own business. The original building was constructed in 1964, and it was expanded +/- 1981. The property is zoned CCG-2, which allows for a wide variety of possible uses. The property is served by City water and sewer. The building has central air conditioning, and some areas have been supplemented by wall AC units.
The current tenant businesses are a restaurant and a church. The property generates approximately $12,000 in net operating income based on the current leases. If the 1,200 square foot vacant space was leased, it is estimated that an additional $7,200 in annual rental income would be generated. In order to lease the vacant 500 square foot space, the installation of a circuit breaker panel and separate electric meter would be required, as this space was previously part of the current church unit. The estimated cost for the required electric work is $3,000, which is the approximate annual rent for the 500 square foot space.
The property will require minor repairs, however the roof was replaced in 2013
The property is located near the intersection of Lem Turner Rd. and Edgewood Ave, approximately 1 mile from I-95. The location is well suited for most neighborhood retail businesses
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