503 Orange AveGreen Cove Springs, FL 32043

Property Details for 503 Orange Ave

Year built

1985

Construction

WOOD

Lot size

1.73 AC

Property size (Sq ft)

1,477 SF

Zone code

GCC

Property type

Office properties

APN

38-06-26-017634-000-00

APU

38062601763400000

Description

This exceptional 1.75-acre commercial land parcel presents a unique investment opportunity in the heart of Green Cove Springs, Florida. Located at 503 N Orange Ave, this property boasts a highly desirable Downtown Business Corridor zoning designation, offering significant development potential. The site features 385 feet of frontage on US 17, providing excellent visibility and accessibility. It also benefits from frontage on Palmetto Street, enhancing its versatility. All utilities are readily available on-site, simplifying development plans. The property encompasses two parcels, identified by APN numbers 38-06-26-017634-000-00 and 38-06-26-017630-000-00, and is conveniently situated within walking distance of government buildings, restaurants, and Spring Park. The land is fully paved, minimizing site preparation costs. Furthermore, the property can be subdivided into two separate parcels, offering flexibility for various development scenarios. This represents a rare chance to acquire one of the last large vacant sites in this rapidly growing area of Green Cove Springs, making it an ideal investment for developers seeking a prime location with substantial development potential. The asking price for this exceptional property is $1,900,000. The address is 503 N Orange Ave, Green Cove Springs, FL 32043. This is a truly remarkable opportunity to capitalize on the burgeoning growth of Green Cove Springs.

• CAP approach

  CAP return

  Valuation

  6%

  $254,321

  6.5%

  $234,757

  7%

  $217,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $100,451

  Geo Method

  $100,451

• Alternative Use

  Use

  Valuation

  Residential

  $291,099

  Hospitality

  $266,645

  Educational

  $221,846

  Medical

  $229,475

  Retail

  $345,094

Location Insight

City

Green Cove Springs

County

Clay

State

Florida

Latitude

29.9979

Longitude

-81.6821

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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