1 New Kings RdJacksonville, FL 32219

  • Commercial land
  • 0.27 AC
For Sale
$2,500,000 View listing

Property Details for 1 New Kings Rd

Lot size
0.27 AC
Zone code
IL
Property type
Commercial land
APN
003898-0020
APU
38980020

Description

This exceptional 5.5-acre industrial land parcel, located at 1 New Kings Road in Jacksonville, Florida, presents a compelling investment opportunity. The property, encompassing four parcels (APN: 003916-0000, 003916-0010, 003906-0000, 003905-0000), boasts dual access points from New Kings Road and Pitts Road, offering unparalleled convenience and accessibility. Currently zoned CCG-2, the land is undergoing re-zoning of its residential portions to Business Park (BP) classifications, paving the way for a diverse range of industrial uses. A development plan is underway for the construction of five buildings totaling approximately 55,000 square feet of flex industrial space, complete with ample parking. The property's strategic location, just one mile north of the I-295 corridor with convenient access from two nearby exits, ensures exceptional connectivity for both northbound and southbound traffic. With 207 feet of frontage on New Kings Road, this site is ideally suited for contractors, self-storage facilities, container storage, lay-down yards, wholesaling, warehousing, distribution, and light manufacturing. Its proximity to major transportation arteries, including I-95, ports, and airports, further enhances its appeal. The asking price for this prime industrial land is $2,500,000. This represents a significant opportunity to acquire a strategically located and versatile property in a thriving Jacksonville market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,153,708
    Hospitality
    $1,972,785
    Educational
    $1,641,334
    Medical
    $1,697,782
    Retail
    $2,553,186

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.4233
Longitude
-81.7549
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
$227
$17,390
-
$17,390
-
$17,390
-
$17,390

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