Kari Sullivan
REALTOR® | Luxury Property Specialist
622 CASSAT Avenue, Jacksonville, FL 32205
$2,550,000
$202/sq ft
Active
Pool Home
New Listing
About This Home
Fully leased multi-tenant retail asset strategically positioned at the intersection of I-10 and Cassat Avenue in West Jacksonville. The approximately 12,236 SF property is 100% occupied by seven tenants, providing investors with a diversified and established income stream from day one. Property generates approximately $171,109 in annual NOI, representing an attractive 6.70% cap rate. The property benefits from excellent visibility and accessibility along Cassat Avenue, immediately adjacent to the I-10 interchange. I-10 carries approximately 136,000 vehicles per day, providing significant exposure and convenient connectivity to Downtown Jacksonville, surrounding employment centers, and the greater Jacksonville market. A prominent pylon sign along Cassat Avenue further enhances tenant visibility and identification.
Location
Features & Amenities
Exterior Features
- Pool
- Corner Lot
- Parking Lot
- Unassigned
Property Details
Property Type:
Retail
Year Built:
1985
Lot Size:
0.9 Acres (39,204 sq ft)
Property Tax (2025):
$23,329/year
MLS #:
2170495
