Timuquana Business Park

5640, 5618, 5584, 5566 Timuquana Rd Jacksonville, FL 32210

5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210
5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210
FOR SALE
Property Type:
Street Retail
Amount:
$2,995,000
Last Verified:
Dec 11, 2024

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Highlights

  • PROXIMITY TO MAJOR SUBMARKETS: The Property is uniquely situated near multiple thriving submarkets in Jacksonville, including Riverside, Ortega, and Argyle. It also lies in close proximity to Timuquana Country Club and the Jacksonville Naval Air Station.
  • VALUE-ADD OPPORTUNITY: The Property offers an investor the opportunity to add significant value
  • by filling spaces and bringing existing tenants up to market rent. There is flexibility to either re-tenant some of the space or renew existing tenants at a higher rate.
  • FAST GROWING MAJOR METRO IN FLORIDA WITH NO STATE INCOME TAX: This offering provides the opportunity to invest in the Jacksonville, FL MSA, which is benefiting from major population and employment growth. Jacksonville has consistently enjoyed some of the largest increases in net population inflow in the entire country for the past several years and was named the #2 hottest job market in America by the WSJ in 2024.
  • EASY ACCESS WITH AMPLE PARKING: Timuquana Business Park offers direct access from Timuquana Rd, a primary artery to major roads in Jacksonville including Blanding Blvd. The Property also has ample parking, with a ratio of 6.3/1,000 SF and a total of 150 spaces spanning the six-building office/retail plaza.

Description

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire Timuquana Business Park, located at 5640, 5618, 5584, and 5566 Timuquana Road, Jacksonville, FL 32210 (the “Property”). The Property consists of a single-story, multi-tenanted office/retail plaza for a total of 23,810 square feet. The Property, built in 1983, is situated on 2.65 acres of land and offers the rare opportunity to acquire a diversified mutli-tenanted retail asset in close proximity to many desirable locations in Jacksonville including Ortega, Riverside, Argyle, and the Jacksonville Naval Air Station.

The Property is uniquely situated near multiple thriving submarkets in Jacksonville, including Riverside, Ortega, and Argyle. It also lies in close proximity to Timuquana Country Club and the Jacksonville Naval Air Station. The Property offers direct access from Timuquana Rd, a primary artery to major roads in Jacksonville including Blanding Blvd.


Year Built: 1986
Building Size: 23810sq ft
Lot Size: 2.65 acres

Map of 5640, 5618, 5584, 5566 Timuquana Rd, Jacksonville, FL, 32210

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.