The Property is a six-story, 34,781 square foot building featuring distinctive historic architecture, 73 on-site surface parking spaces, and a ground-floor event space, a combination that is rare in this submarket and creates a meaningful competitive leasing advantage. It recently underwent $750,000+ in capital improvements including full bathroom remodels on each floor, and electrical and plumbing upgrades.
At 42.86% occupancy, the Property offers immediate lease-up upside with its smaller suite sizes well-suited to the law firm and professional office tenants. The opportunity is compelling across multiple buyer profiles: a law firm or professional office user seeking a headquarters, an owner-user looking to occupy and generate income, or a value-add investor pursuing repositioning or future development of the surface parking lot, all against the backdrop of $6.5 billion in active downtown Jacksonville development.