1050 E 8th St

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1050 E 8th St

Jacksonville, FL 32206
Asking Price
$2.17M
Asset Type
Retail
Class
Class B

What's Special

Located at 1050 E 8th St, this retail property sits within the historic Springfield neighborhood of Jacksonville, Florida. The area is characterized by a mix of traditional residential architecture and emerging commercial corridors. The site offers proximity to downtown Jacksonville and is situated near local parks, craft breweries, and established neighborhood businesses. Transportation access is provided via the 8th Street thoroughfare, which connects the property to Main Street and provides a direct route to the Interstate 95 and Interstate 10 interchange. The building’s layout and street-front visibility suit a variety of retail applications, such as a boutique shop, a neighborhood convenience store, or a service-oriented business. Ideal tenants typically include local entrepreneurs, specialty retailers, or professional service providers looking to serve the growing residential population of the inner-city urban core. The property's location within a walkable, transitioning submarket supports businesses that benefit from both local foot traffic and commuter visibility.

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NOI
$80,000
Cap Rate
3.68%
DSCR
0.62
Underwater
Cash-on-Cash
-7.52%
Monthly Payment
$10,751.936
Annual Cash Flow
$-49,023.238

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