1604 Margaret StJacksonville, FL 32204

Property Details for 1604 Margaret St

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

3,425 SF

Zone code

CCG-1

Property type

Healthcare properties

Property subtype

Medical offices

APN

090698-0000

APU

906980000

Description

This exceptional Class A office building, totaling 4,563 square feet, presents a unique investment opportunity in Jacksonville's vibrant 5 Points/Avondale submarket. Situated on a prime corner lot at 1604 Margaret St, this two-story building boasts a desirable drive-thru configuration, perfect for a variety of businesses. Built in 1927 and extensively renovated in 2021, the property offers modern amenities within a historic setting. The building features ample parking with approximately 27 spaces. Its location at the intersection of Margaret Street and Herschel Street provides excellent visibility and accessibility. The CCG-1 zoning allows for diverse commercial uses. Benefit from the high foot traffic and proximity to major thoroughfares, including I-10 and I-95, placing your business minutes from Downtown Jacksonville, Brooklyn, and San Marco. This thriving neighborhood is home to a mix of established businesses and trendy new ventures, including Publix, Starbucks, and Ascension St. Vincent's Hospital. Property taxes are $0.07 per square foot. The entire 4,563 square feet is currently vacant, offering immediate occupancy. This is an unparalleled chance to establish your presence in one of Jacksonville's most sought-after areas.

• CAP approach

  CAP return

  Valuation

  6%

  $618,727

  6.5%

  $571,132

  7%

  $530,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $232,934

  Geo Method

  $232,934

• Alternative Use

  Use

  Valuation

  Residential

  $708,204

  Hospitality

  $648,711

  Educational

  $539,720

  Medical

  $558,282

  Retail

  $839,564

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3126

Longitude

-81.6813

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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