9 Baths
10,803 SqFt
9 Baths
10,803 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,803 sqft
Price per Sqft $73
MLS Listing ID 2055566
HOA Y/N No
Year Built 1924
Annual Tax Amount $8,894
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Multi Family
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
The building retains an elevator shaft, former commercial kitchen with walk-in cooler, and a fire sprinkler system, none confirmed in working order and sold strictly as-is. Recent cosmetic updates include fresh paint, new carpeting, updated plumbing fixtures, and laminate flooring in several bathrooms. Zoned RMD-D, permitting a range of residential and community uses including multi-family and elderly housing. Buyer to verify redevelopment potential and required entitlements with the City of Jacksonville. Seller will consider seller financing or a joint venture structure for the right buyer. been initiated regarding a potential multi-family conversion in the range of approximately 8-17 units, subject to City of Jacksonville approvals. A zoning exception or related entitlement process may be required depending on the final scope and design. In addition to multi-family, permitted, and exception uses, may include housing for the elderly, foster care facilities, residential treatment facilities, bed and breakfasts, churches, and group care homes.
This is a substantial infill opportunity in one of Jacksonville's most desirable historic districts -- ideal for an investor or developer seeking scale, location, and flexibility with multiple potential exit strategies.
Location
State FL
County Duval
Area 032-Avondale
Direction From I-10, take the Stockton exit and travel South. Take a right on Riverside Ave. Take a left on King Street and a right on St Johns Ave. The building will be on the right.
Interior
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Laminate, Wood
Exterior
Parking Features On Street
Utilities Available Electricity Available, Sewer Available, Water Available
Roof Type Shingle
Accessibility Adaptable For Elevator
Private Pool No
Building
Lot Description Historic Area
Building Description Brick, Elevator,Reception Area
Story 3
Sewer Public Sewer
Water Public
Level or Stories 3
Structure Type Brick
Others
Tax ID 0783170000
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Nearby Locations
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