6701 Normandy BlvdJacksonville, FL 32205

Property Details for 6701 Normandy Blvd

Lot size

14.95 AC

Property type

Land

Description

This exceptional 14.95-acre parcel in Jacksonville, Florida, presents a compelling value-add investment opportunity. Located off Normandy Boulevard and less than a quarter-mile from Cecil Commerce Parkway, this strategically positioned land boasts a fully approved Planned Unit Development (PUD) for 240 residential units. The PUD approval signifies completion of the entitlement process, including zoning compliance, environmental impact assessments, and community planning considerations. Permit plans are ready for submission, streamlining the development process. The property features an established wetland delineation line, ensuring compliance with environmental regulations. This fee-simple ownership offers significant potential for a multifamily development in a prime Jacksonville location, providing convenient access to major roadways and city amenities. The asking price is $4,400,000. The APN is 002185-0000. The property is classified as Class B and is zoned for both commercial and residential use. While a pro-forma NOI and cap rate are not currently available, the significant potential for rental income makes this a highly attractive investment. This is a rare opportunity to acquire a fully entitled development site ready for immediate action.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3043

Longitude

-81.7565

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