5428 CLEVELAND Road, Jacksonville, FL 32209

New Listing
$999,900
Property Type: Commercial Sale Square Footage: 9,000 Lot Size (sq. ft.): 27,443 Status: Active
Current Price: $999,900 List Date: 9/17/2026 Last Modified: 9/17/2026

Overview

Description

INVESTMENT OPPORTUNITY WITH 10%+ PROJECTED CAP RATE Excellent opportunity to acquire an income-producing commercial property at 5428 Cleveland Road in Jacksonville. The property offers diversified revenue streams, with current income from established laundry and cash-checking tenants, plus upside from a new restaurant planned to open in the coming months. The property is projected to generate a 10%+ capitalization rate, offering an attractive combination of current income and future revenue potential. The diversified tenant mix helps reduce reliance on a single income source while positioning the property for continued cash-flow growth as the restaurant becomes operational.

Listing Details MLS# 2165198

General Property Information

Building Area Total
9000
Year Built
1959
Lot Size Acres
0.63
Land Lease YN
No
Association YN
No
Waterfront YN
No
Stories Total
Yes
Senior Community YN
No
Directions
From I-95, take Kings Rd to W 45th St, right onto Cleveland property on the right.
Public Remarks
INVESTMENT OPPORTUNITY WITH 10%+ PROJECTED CAP RATE Excellent opportunity to acquire an income-producing commercial property at 5428 Cleveland Road in Jacksonville. The property offers diversified revenue streams, with current income from established laundry and cash-checking tenants, plus upside from a new restaurant planned to open in the coming months. The property is projected to generate a 10%+ capitalization rate, offering an attractive combination of current income and future revenue potential. The diversified tenant mix helps reduce reliance on a single income source while positioning the property for continued cash-flow growth as the restaurant becomes operational.
List Price/SqFt
111.1

Property Features

Lot Features: Few Trees Parking Features: Additional Parking Sale Includes: Building & Land

Contract Information

Listing Contract Date
2026-09-17
Property Sub Type
Retail

Location Tax and Legal

Street Number
5428
Street Name
CLEVELAND
Street Suffix
Road
County
Duval
State
FL
Postal Code
32209
MLS Area Major
075-Trout River/College Park/Ribault Manor

Status Change Information

Major Change Timestamp
2026-09-17T14:03:08Z
Major Change Type
New Listing

More Information

Listing Office: NORTH FLORIDA REALTY ADVISORS
Source MLS Verified
Last Updated: September - 17 - 2026
Information deemed reliable but not guaranteed.