5940 Merrill Rd — Sale in Jacksonville, FL

  • Price: $375K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Jacksonville, FL 32277
  • Size: 1,892 SF
  • Year built: 1963

Photos

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Investment Figures

Price per square foot
$198

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Unlock the potential of your business or investment portfolio with this high-visibility retail property located at 5940 Merrill Rd in Jacksonville, FL. Situated on a high-traffic thoroughfare, this location boasts exceptional street frontage and a steady stream of daily drive-by exposure. The property features dedicated, on-site parking to ensure hassle-free access for both your staff and a consistent flow of customers. Additionally, its prime location places it just moments away from Jacksonville University, allowing you to tap into a vibrant, built-in demographic of students, faculty, and area visitors. This versatile asset offers the perfect foundation for a wide variety of retail or professional uses looking to thrive in a growing Jacksonville submarket. Whether you are looking to establish a flagship location or secure a strong commercial footprint, this property delivers on both location and convenience. Don't miss out on this exceptional opportunity—schedule your private viewing today to explore the possibilities. Building SF: 1892 | Land Size: 0.25 Ac | Year Built: 1963 | Listing Type: FOR SALE

Market Context

This retail in Jacksonville, FL is listed for sale at $375,000 across 1,892 SF. The building dates to 1963. Compare it against other retail listings for sale in Jacksonville, FL — view the full market.

As of Q1 2026, the Jacksonville retail market showed a 5.1% vacancy rate, average asking rents near $26.08/SF/yr, and rents up 1.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Jacksonville retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q1 2026).

Estimated Price per SF

$44.01/SF – $320.06/SF

Mid: $133.36/SF

Estimated price for 1,892 SF: $252,317 (range $83,267 – $605,554)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

First seen on CREHunt: Aug 16, 2026

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