7867 LAKELAND Street

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7867 LAKELAND Street

Jacksonville, FL 32221
Asking Price
$2.30M
Asset Type
Office
Class
Class B

What's Special

7867 Lakeland Street is located in the Paxon neighborhood of West Jacksonville, situated near the intersection of Commonwealth Avenue and low-density industrial corridors. The property offers proximity to the Paxon School for Advanced Studies and local retail services along nearby Edgewood Avenue. Accessibility is a primary feature, as the site provides efficient connections to Interstate 295 and Interstate 10, facilitating transit across the Jacksonville metropolitan area. The surrounding environment consists of a mix of residential pockets and light commercial operations. This office asset is suited for administrative services, professional consulting, or small-scale corporate operations requiring a functional workspace. The layout and location align with the needs of local service providers, non-profit organizations, or logistics-adjacent businesses seeking proximity to the city's transport arteries. Typical tenants include legal professionals, insurance agencies, or satellite offices for firms servicing the Westside industrial district. The property offers a private setting for entities prioritizing accessibility and utility within a suburban commercial context.

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

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