622 CASSAT Avenue, Jacksonville, FL 32205
New Listing
$2,550,000
Property Type:
Commercial Sale
Square Footage:
12,639
Lot Size (sq. ft.):
39,204
Status:
Active
Current Price:
$2,550,000
List Date:
10/22/2026
Last Modified:
10/22/2026
Description
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.
More Information MLS# 2170495
Contract Information
Current Price: $2,550,000
List Price: $2,550,000
Status: Active
Listing Contract Date: 2026-10-01
Property Sub Type: Retail
Location Tax and Legal
Street Number: 622
Street Name: CASSAT
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
General Property Information
Building Area Total: 12639
Year Built: 1985
Lot Size Acres: 0.9
Waterfront YN: No
Directions: From I-10 W, take the Cassat Ave exit. Turn left onto Cassat. Property will be on the right.
Public Remarks: 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.
List Price/SqFt: 201.76
Status Change Information
Major Change Timestamp: 2026-10-22T20:04:34Z
Major Change Type: New Listing
Property Features
Existing Lease Type: NNN
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Parking Features: Parking Lot; Unassigned
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street; Highway
Sale Includes: Building & Land
Listing Office: PETRA MANAGEMENT INC.
Last Updated: October - 22 - 2026
Information deemed reliable but not guaranteed.