2021 Art Museum DrJacksonville, FL 32207

Property Details for 2021 Art Museum Dr

Year built

1989

Construction

WOOD

Lot size

0.01 AC

Property size (Sq ft)

2,030 SF

Property type

Office properties

APN

136815-0314

APU

1368150314

Description

This exceptional 4,330 square foot Class B office building presents a compelling investment or owner-user opportunity in Jacksonville, Florida's desirable Southside submarket. Located at 2021 Art Museum Drive, this property boasts a prime location near St. Nicholas and San Marco, offering convenient access to downtown and major highway interchanges. The building features approximately 2,030 square feet of immediately available space on the second floor, ideal for an owner-occupant or additional leasing. The first floor comprises three income-producing tenant spaces, each approximately 575 square feet. This turnkey property benefits from a new roof, ample shared parking, and prominent monument and building signage opportunities. The high traffic count of 6,800 AADT on Art Museum Drive ensures excellent visibility. Enjoy a central location with easy commutes – 15 minutes to all areas of the city, and 20 minutes to the beaches or airport. Note that an adjacent single-story building is a separate condominium and is not included in this offering. This presents a rare chance to acquire a well-situated office building with immediate income potential and significant upside. Asking price: $545,000.

• CAP approach

  CAP return

  Valuation

  6%

  $366,720

  6.5%

  $338,510

  7%

  $314,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $138,060

  Geo Method

  $138,060

• Alternative Use

  Use

  Valuation

  Residential

  $419,753

  Hospitality

  $384,492

  Educational

  $319,892

  Medical

  $330,894

  Retail

  $497,610

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3029

Longitude

-81.6156

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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