1221 E 16th St - Schools FOR SALE


Jacksonville, FL 32206- Phoenix
$2,295,000 USD
904-437-8122
1221 E 16th St, Jacksonville, FL for Sale
$2,295,000 USD
Schools - FOR SALE
1/48
null | Request Cap Rate

1221 E 16th St
Jacksonville, FL 32206
Phoenix


HIGHLIGHTS

  • Heavy hwy traffic and visibility
  • Brick exterior, off grade for easy access for construction, quality building materials
  • Wide interior hallways and staircases

OVERVIEW

The sale includes plans and entitlements to construct a new storage structure of approximately 120,000 sq.ft. and maximum height of 90ft on the east side of the site in addition to the existing 48,736 sq.ft. brick structure which has already been rezoned PUD. The PUD zoning allows for 144 multi family or condo units, hospitality, educational, medical and commercial. There is additional parking potential on the vacant lot on the corner of Franklin/17th for future ventures. •Located just 2 miles from Jaguars Stadium, this site is strategically positioned in a booming development corridor, where over an estimated $4 billion in new projects are underway. Ideal for condos, a boutique hotel, medical, educational or commercial office space, this historic landmark presents a thrilling opportunity to create a dynamic, high-demand destination. •Projects underway in less than 2 miles away: The Shipyard development which includes a Four Seasons Hotel and Private Residence and luxury office space, Gateway project which spans an estimated 20 blocks and consists of multi-family, retail and additional mixed use, Laura Street Trio (consists of an Autograph Marriot and an upscale restaurant space), Mosh science museum, $1.3 billion renovations to the Jaguar Stadium and much more.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

Request Cap Rate

% LEASED

0%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

School House #8

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

Self Storage, Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

PUD

APN/PARCEL ID

113567-0010

ASK ABOUT THIS PROPERTY

Elisabeth D'AugerotMAXREV CommercialMore Info
904-437-8122

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Elisabeth D'AugerotMAXREV CommercialMore Info
904-437-8122

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.