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Gateway Town Center Is Up For Sale

Gateway Town Center

One of Jacksonville’s oldest retail centers is on the market.

Gateway Town Center is up for sale, with an asking price of $12 million.

The center is anchored by a Publix supermarket, but many of the other spaces there are empty: The center’s vacancy rate is 60 percent.

That vacancy rate is reflected in the price tag, though, which is only $20 per square foot.

The current owners bought the 53-acre property in 2012 after it was foreclosed on. Recently, the enclosed mall part of the property was completed closed up.

Timothy is editor in chief of the Jacksonville Business Journal.