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Edenfield Rd - 8.14 Acre Residential Site
8.14 Acres of Commercial Land in Jacksonville, FL
ABOUT Edenfield Rd , Jacksonville, FL 32277
|Price||Upon Request||Proposed Use||
|Sale Type||Investment||Total Lot Size||8.14 AC|
|No. Lots||1||Zoning Description||PUD|
|Property Type||Land||APN / Parcel ID||108986-0000|
1 Lot Available
|Lot Size||8.14 AC|
Subject site is approximately 8.14 acres on Edenfield Road in Jacksonville, Florida. It is across from a proposed 180-unit luxury riverfront condominium/ multifamily/ marina site and has approximately 640 feet of frontage. It is six miles northeast of downtown Jacksonville on the south side of the Saint Johns River. The development is in the University Park and Charter Point neighborhoods of Jacksonville, which is primarily residential. Adjacent to the property there is a mix of multifamily and high-end single family waterfront homes. Subject site includes a site plan prepared in 2005 and a conceptual plan. Site plan consists of 28 duplex residential lots with a net project area of approximately 4.61 acres. Conceptual plan consists of 64 apartment units with a clubhouse and pool. Zoning Subject is zoned RLD (Residential Low Density). Per Jacksonville’s Code of Ordinances this zoning category permits residential developments in a gross density range of up to three dwelling units per acre when full urban services are available to the site. Generally, single-family dwellings will be the predominant land use in the Residential Low Density Districts, although family day care homes, townhomes, foster care homes, churches, golf courses, country clubs, neighborhood parks, and detached accessory dwelling units may also be developed in appropriate locations. For a full list of permitted and/or permissible uses, please see Jacksonville Code of Ordinances. Location Subject property is located on Edenfield Road, which has access to University Boulevard and Fort Caroline Road. These roads provide highway access to downtown Jacksonville to the west and the Port of Jacksonville and the Jacksonville beaches and Atlantic Ocean to the east. Jacksonville, which is a consolidated city/county government within Duval County, has one of the lowest overall costs of living in Florida and the United States. Affordable, high-quality housing, ample recreational opportunities, and short commute times are just some of the reasons why so many people choose to relocate to Jacksonville each year. Duval has it all for business and lifestyle—Cecil Commerce Center, Jacksonville International Airport, JAXPORT, multiple military bases, increasingly vibrant downtown, sandy beaches, Saint Johns River, and upscale shopping.
The Hampton Inn Columbia I-26 Airport is a four-story, interior corridor, 120-key, Hampton Inn located at 1094 Chris Drive in West Columbia, SC (the "Property"). The Property is offered unencumbered of debt and management and offers investors a preforming hotel asset with value enhancement opportunities.
The Hotel opened in 1985 and the Property underwent extensive renovations from 2017-2018 with ownership investing $2.5+ million ($20,800+/key) of capital expenditures over that period of time. The Hotel is in excellent physical condition and therefore is expected to require minimal capital expenditure to maintain brand standards. The Property features complimentary breakfast, a business center, fitness center, an outdoor pool, high speed internet, and an airport shuttle.
The Property is strategically positioned at the intersection of I-26 and Highway 378, proximate to the Lexington Medical Center. The Property is bound by I-26 to its west and Sunset Boulevard to its north affording the hotel excellent visibility from the interstate and direct access to downtown Columbia as well as the metro’s suburban loop. The Property is approximately four miles from Colonial Life Arena, five miles from the South Carolina Statehouse, five miles from the University of South Carolina, six miles from Williams-Brice Stadium, and six miles from the Columbia Metropolitan Airport. The Hampton Inn is located adjacent to I-26, the primary north-south thoroughfare for South Carolina, in West Columbia, just five miles from the University of South Carolina. Perhaps most known for healthcare, West Columbia is home to the state-of-the-art Lexington Medical Center that employs over 6,500 healthcare professionals and recently opened a 545,000-square-foot patient care tower, solidifying the submarket as one of the preeminent healthcare hubs in the state. The Property is positioned in a high growth area within 5-mile radius; Population Growth from 2010-2019 was ±14.58% and anticipated to continuing growing ±5.85% from 2019-2024. The Property’s 2019 demographics show approximately ±143,616 individuals residing within a five-mile radius of the property and an average household income of ±$59,907. In 2019, the total estimated specified consumer spending within a 5-mile radius of the Property accounts for ±$1,225,249,000 and there are ±10,252 businesses and ±130,643 employees.
The Hampton Inn Columbia I-26 offers investors the opportunity to purchase a cash flowing hospitality asset with minimal capital expenditures required to maintain brand standards.
Jacksonville International Airport
|35 min drive||20.8 mi|
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