503 Orange AveGreen Cove Springs, FL 32043

  • Office properties
  • 1,477 SF
For Sale
$1,900,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
503 Orange Ave, Green Cove Springs, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,051
$906,000
$5,518
$911,518
-
$906,000
$5,518
$911,518

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].