1001 Kings AveJacksonville, FL 32207

Property Details for 1001 Kings Ave

Year built

1912

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

12,838 SF

Zone code

CCBD

Property type

Office properties

Property subtype

Office buildings

APN

080088-0000

APU

800880000

Description

This stunning three-story, 11,702 square foot creative office building, located at 1001 Kings Ave in Jacksonville, Florida's desirable Southbank submarket, presents a unique investment opportunity. Built in 1912 and extensively renovated in 2022, the Class B property boasts 3,950 square feet of immediately available space within a multi-tenant building. The building sits on a 0.22-acre lot and offers ample parking with 20 onsite spaces, supplemented by readily available free public parking near the Skyway/95 overpass. Its prime location in Duval County places it within easy walking distance of numerous restaurants and retail establishments, as well as the scenic St. Johns River waterfront. The building's blend of historic charm and modern updates makes it an ideal space for creative businesses seeking a vibrant and convenient location. The property's address is 1001 Kings Ave, Jacksonville, FL 32207. This is a rare chance to acquire a well-maintained, historically significant building in a thriving Jacksonville neighborhood. The building's multiple tenancy structure offers flexibility and potential for diverse income streams.

• CAP approach

  CAP return

  Valuation

  6%

  $2,319,186

  6.5%

  $2,140,787

  7%

  $1,987,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $873,112

  Geo Method

  $873,112

• Alternative Use

  Use

  Valuation

  Residential

  $2,654,576

  Hospitality

  $2,431,577

  Educational

  $2,023,044

  Medical

  $2,092,619

  Retail

  $3,146,957

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3161

Longitude

-81.6535

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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