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1584 Vlg PkwyJacksonville, FL 32221

79,310 SF Office Complex, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents Normandy Village Plaza, a 79,310-square-foot office complex situated on a 10.91-acre lot in Jacksonville, Florida. The property is strategically located at 1584 Village Pkwy, 32221, boasting high visibility and accessibility due to its position along busy Normandy Boulevard, with convenient access to I-295. The plaza comprises two distinct buildings: a fully leased 27,328-square-foot medical office building generating a substantial net operating income (NOI) of $342,496.44 annually, and a 51,982-square-foot space previously occupied by a Publix Supermarket, presenting significant redevelopment potential. The property is zoned CCG-1, offering flexibility for future uses. This value-add investment is currently 100% occupied under a NNN lease structure, providing a strong foundation for immediate income and long-term growth in a thriving Jacksonville submarket characterized by new residential developments and major retailers. The property's prime location and substantial size make it an attractive proposition for investors seeking both immediate returns and future upside. The combination of a stable, income-producing medical office building and a large, redevelopable space provides a unique opportunity to capitalize on the area's growth trajectory.

Highlights

  • 79,310 square feet total building area in two buildings.
  • 51,982 square foot former Publix supermarket space at 1550 Normandy Village Pkwy.
  • 27,328 square foot fully leased medical office building at 1584 Normandy Village Pkwy, generating $342,496.44 annual NOI.
  • 10.91-acre lot in Jacksonville, FL, zoned CCG-1, with high visibility on Normandy Blvd and I-295 access.

Property Details for 1584 Vlg Pkwy

Property type
Office properties
Square Feet
79,310 SF
Lot Size (sq. ft)
475,240 SF

Location Insight

City
Jacksonville
County
Franklin
State
Florida
Latitude
30.253501
Longitude
-81.8879884
1584 Vlg Pkwy, Jacksonville, Florida

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1584 Vlg Pkwy
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