4800 Beach BlvdJacksonville, FL 32207

Property Details for 4800 Beach Blvd

Year built

1983

Construction

WOOD

Lot size

1.12 AC

Property size (Sq ft)

11,312 SF

Zone code

CRO

Property type

Office properties

Property subtype

Office buildings

APN

135303-0000

APU

1353030000

Description

This exceptional 11,312 square foot medical office building, located at 4800 Beach Blvd in Jacksonville, Florida, presents a compelling investment opportunity. The property, identified as Bridgewater, is a two-story Class B building constructed in 1984 and renovated in 2005. Currently boasting 8 units with 15% occupancy, it offers significant potential for redevelopment or renovation. The building is zoned CRO, allowing for a variety of permitted uses, details of which can be found by searching COJ.net. The asking price is $1,100,000, and the lease type is Net-Net. The property features multi-tenancy and requires some attention to the existing parking lot, which needs repaving and restriping in sections. This prime location in Duval County, zip code 32207, offers easy access to major transportation routes and a thriving community. The substantial square footage and flexible zoning make this an ideal asset for investors seeking a high-return opportunity in the Jacksonville medical market. Serious inquiries are encouraged to explore the full potential of this unique property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,043,514

  6.5%

  $1,886,320

  7%

  $1,751,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $769,329

  Geo Method

  $769,329

• Alternative Use

  Use

  Valuation

  Residential

  $2,339,038

  Hospitality

  $2,142,546

  Educational

  $1,782,573

  Medical

  $1,843,878

  Retail

  $2,772,891

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.2975

Longitude

-81.6181

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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