806 Riverside AveJacksonville, FL 32204

Property Details for 806 Riverside Ave

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.86 AC

Property size (Sq ft)

12,969 SF

Zone code

CRO

Property type

Office properties

Property subtype

Office buildings

APN

090206-0010

APU

902060010

Description

This exceptional 12,969 square foot office building, located at 806 Riverside Avenue in Jacksonville, Florida, presents a unique investment opportunity. Built in 1959 and extensively renovated in 2009, the property boasts a prime location across from the renowned Cummer Museum of Art & Gardens and the vibrant Riverside Arts Market, offering unparalleled visibility and accessibility. The building is classified as Traditional, Executive, and Creative Office space, catering to a diverse range of potential tenants. Currently, there are 4,294 square feet of vacant space available for lease, ideal for a single large tenant or multiple smaller occupants. The property sits on a 0.86-acre lot and includes ample parking with 32 spaces. The building's versatile layout and desirable location make it an attractive option for businesses seeking a prestigious address in a thriving Jacksonville neighborhood. The property is situated in Duval County, Florida, and has a zip code of 32204. This is a multi-tenant building offering a blend of traditional and modern office space, perfect for companies seeking a blend of classic charm and contemporary amenities. The building's prime location and recent renovations make it a highly sought-after property in the Jacksonville market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,342,851

  6.5%

  $2,162,632

  7%

  $2,008,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $882,022

  Geo Method

  $882,022

• Alternative Use

  Use

  Valuation

  Residential

  $2,681,664

  Hospitality

  $2,456,389

  Educational

  $2,043,687

  Medical

  $2,113,972

  Retail

  $3,179,069

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3157

Longitude

-81.6777

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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