For Sale
$7,400,000

831 1St StJacksonville Beach, FL 32250

Prime oceanfront redevelopment, high demand area.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 0.66-acre oceanfront property in Jacksonville Beach, Florida, presents a remarkable redevelopment opportunity. Located at 831 1st St N, this fee-simple owned site boasts a 11,491 square foot, two-story building constructed in 1957 and renovated in 2022. Currently vacant with an occupancy date of October 31, 2024, the property is zoned JC-1, allowing for a maximum 85% lot coverage, building heights up to 35 feet, and a gross floor area of up to 50,000 square feet. The existing structure, currently configured as a two-unit building, offers flexibility for various uses, including upscale restaurant, multi-tenant commercial space, or complete redevelopment into multi-family, condominium, or hospitality ventures. The property's prime location within a densely populated area with high commercial and residential demand, coupled with the recent influx of new national retail tenants and the presence of Margaritaville, ensures significant potential for substantial returns. The asking price is $7,400,000, translating to $643.98 per square foot. This is a rare chance to acquire a significant oceanfront parcel in a thriving Florida market. The APN is 1743340010.

Highlights

  • 0.66 acres of oceanfront land in Jacksonville Beach.
  • Exceptional redevelopment opportunity.
  • 35-foot maximum building height allowed.
  • New construction potential: up to 50,000 square feet gross floor area.
  • High density of commercial and residential uses in the immediate vicinity.

Property Details for 831 1St St

Property type
Retail properties, Office properties
Square Feet
11,491 SF
Class
B
Year Built/Renovated
1957/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
28,750 SF
Units
2

Location Insight

City
Jacksonville Beach
County
Duval
State
Florida
Latitude
30.2965711
Longitude
-81.390917
831 1St St, Jacksonville Beach, Florida

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831 1St St
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