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955 Albert St

2.13 Acres of Commercial Land Offered at $1,800,000 in Jacksonville, FL

ABOUT 955 Albert St , Jacksonville, FL 32202

  • Listing ID: 18401551
  • Date Created: 2/4/2020
  • Last Updated:

1 Lot Available

Lot

Portfolio of 22 lots in East Jacksonville. mix of commercial, residential, vacant, and occupied within a 3 block radius. Most are adjoining. See documents for parcel list and map.

Description

One of the most coveted portfolios in East Jax! Check out this offering of 22 Parcels (2 Commercial, 20 Single Family), total of 2.13 acres, 7 houses, some occupied, some vacant, most parcels are adjoining. Partially fenced in. Used primarily for event parking on game days. Portfolio is ripe for redevelopment with almost $2 Billion proposed in commercial and residential development within 1 mile. Currently bringing in nominal income for event parking and residential rents. A lot of room for value add on income by increasing event parking days, leasing land for fairs, festivals, special events, or new construction. Properties are within walking distance to TIAA Jaguars Football Stadium (NFL), the Jacksonville Fairgrounds, The Jacksonville Jumbo Shrimp Baseball Stadium (Minor League), Vystar Veterans Memorial Coliseum, Intuition Ale Works, Manifest Distilling, the Union Arts District, and the proposed Armada Soccer Stadium. See Documents tab for list of parcels, map and links to proposed developments within 1 mile.

Investment Highlights

  • Within Walking Distance to All Sports Complexes
  • Most properties adjoining
  • Value Add

Executive Summary

One of the most coveted portfolios in East Jax! Check out this offering of 22 Parcels (2 Commercial, 20 Single Family), total of 2.13 acres, 7 houses, some occupied, some vacant, most parcels are adjoining. Partially fenced in. Used primarily for event parking on game days. Portfolio is ripe for redevelopment with almost $2 Billion proposed in commercial and residential development within 1 mile. Currently bringing in nominal income for event parking and residential rents. A lot of room for value add on income by increasing event parking days, leasing land for fairs, festivals, special events, or new construction. Properties are within walking distance to TIAA Jaguars Football Stadium (NFL), the Jacksonville Fairgrounds, The Jacksonville Jumbo Shrimp Baseball Stadium (Minor League), Vystar Veterans Memorial Coliseum, Intuition Ale Works, Manifest Distilling, the Union Arts District, and the proposed Armada Soccer Stadium. See Documents tab for list of parcels, map and links to proposed developments within 1 mile.

Transportation

airplane iconAirport

Jacksonville International Airport
25 min drive 15.3 mi

PROPERTY TAXES

zoning

Zoning Code COMM and RES (CCG-2, RMD-A)

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