0 Ocean StJacksonville, FL 32202

Property Details for 0 Ocean St

Lot size

0.25 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 0.25-acre parcel, situated at the hard corner of Beaver and Ocean Streets in downtown Jacksonville's Cathedral District, presents a unique multifamily development opportunity. Currently zoned CCBD, this fee-simple property allows for a diverse range of uses including residential, commercial, office, retail, automotive, schools, parking garages, daycare, medical, and mixed-use developments. A 65-foot height limit applies. A comprehensive massing study for a 50-unit multifamily project is available upon request, along with a completed survey and phase 1 & 2 environmental reports. This prime location benefits from Jacksonville's robust population growth, which significantly outpaces the current housing supply. The area is experiencing a surge in development, with over $3 billion in urban core projects underway and over 1,000 new units currently planned in the downtown area. The property is offered at $449,000. The owner will also consider a ground lease at a monthly rate of $3,500. The APN is 074065-0000. The property's lease expires October 31, 2023, with no remaining lease term.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3325

Longitude

-81.6549

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