2525 Riverside AveJacksonville, FL 32204

Property Details for 2525 Riverside Ave

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

6,942 SF

Zone code

CRO

Property type

Healthcare properties

Property subtype

Medical offices

APN

090621-0000

APU

906210000

Description

This 9,642 square foot medical office building, situated on a 0.29-acre lot in Jacksonville's historic Riverside neighborhood, is available for $935,000. Built in 1927, this three-story building features a spacious layout ideal for healthcare providers or office professionals. The interior comprises three floors and a basement. The first floor includes six exam rooms/offices, a conference room, lounge, and waiting areas. The second floor offers six additional offices/rooms and a lounge, while the third floor contains four offices/rooms and a former kitchen area. A separate 500 square foot apartment above a garage is also included on the property. Ample parking is provided with 15 spaces located along the east side and rear. The building is zoned CRO and is located directly across from Ascension St. Vincent’s Riverside Hospital, within the Riverside Avondale Preservation district. The heated square footage is approximately 6,942 square feet. The property's APN is 090621-0000. This presents a unique opportunity to acquire a well-located, established property in a thriving Jacksonville neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,254,073

  6.5%

  $1,157,606

  7%

  $1,074,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $472,125

  Geo Method

  $472,125

• Alternative Use

  Use

  Valuation

  Residential

  $1,435,431

  Hospitality

  $1,314,847

  Educational

  $1,093,938

  Medical

  $1,131,560

  Retail

  $1,701,681

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3097

Longitude

-81.6887

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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