103 Magnolia AveGreen Cove Springs, FL 32043

Property Details for 103 Magnolia Ave

Year built

1988

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

4,480 SF

Zone code

CBD

Property type

Hospitality properties

Property subtype

Motels

APN

38-06-26-017224-000-00

APU

38062601722400000

Description

This exceptional 7,361.64 sq ft commercial property, located at 103 S Magnolia Avenue in Green Cove Springs, Florida (zip code 32043), presents a unique investment opportunity. Built in 1887 and listed on the National Register of Historic Places, this three-story building boasts 8 bedrooms and 7 full bathrooms, offering versatile usage potential. Previously utilized as an Airbnb and bed and breakfast, the property is zoned for both residential and commercial use, allowing for diverse applications such as professional offices, retail space, or a service establishment. Recent updates include a new metal roof (6 years old), updated wiring and re-piping (2023), and HVAC systems installed between 2013 and 2017. Water heaters were replaced between 2019 and 2021. The property features original hardwood floors, trim work, and three electric fireplaces. Enjoy amenities such as a screened balcony with St. Johns River views, a first-level porch swing, and a screened gazebo. Its prime location offers proximity to restaurants, shops, the riverfront, and Spring Park, while also being conveniently located near I-295 and I-95 (within 15 miles) and the Clay County Fairgrounds (5 minutes away). The asking price is $799,000.

• CAP approach

  CAP return

  Valuation

  6%

  $876,181

  6.5%

  $808,782

  7%

  $751,012

• Comparable approach

  Method

  Valuation

  Relative Method

  $716,009

  Geo Method

  $716,009

• Alternative Use

  Use

  Valuation

  Residential

  $882,955

  Hospitality

  $808,782

  Educational

  $672,897

  Medical

  $696,039

  Retail

  $1,046,729

Location Insight

City

Green Cove Springs

County

Clay

State

Florida

Latitude

29.9927

Longitude

-81.6783

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].