450 Lane Ave N

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450 Lane Ave N

Jacksonville, FL 32254
Asking Price
$4.00M
Asset Type
Retail
Class
Class B

What's Special

450 Lane Ave N is situated in the Westside submarket of Jacksonville, Florida, positioned just north of the Commonwealth Avenue intersection. The property is located within a mixed-use corridor characterized by established industrial parks and residential neighborhoods. Immediate surroundings include local dining, automotive services, and national convenience brands. The site offers efficient logistical connectivity, providing quick access to the Interstate 10 and Interstate 295 interchange, which serves as a major transportation artery for the regional logistics and retail network. The layout and visibility of this asset make it suitable for retail operations that prioritize high traffic counts and ease of access. Ideal use cases include discount retail, hardware supply, or service-oriented businesses such as automotive repair and specialty showrooms. The typical tenant profile includes local or regional operators seeking a functional footprint within an active commercial zone. The property’s proximity to residential pockets and specialized employment hubs supports a diverse customer base ranging from daily commuters to neighboring industrial workers.

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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,779.923
Annual Cash Flow
$-157,359.071

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