501 Riverside AveJacksonville, FL 32202

Property Details for 501 Riverside Ave

Year built

2007

Construction

STEEL FRAME

Lot size

1.91 AC

Property size (Sq ft)

209,794 SF

Zone code

PUD

Property type

Office properties

Property subtype

Office buildings

APN

090114-0990

APU

901140990

Description

This exceptional Class A commercial property, located at 501 Riverside Avenue in the heart of Jacksonville, Florida (Duval County, zip code 32202), offers a unique blend of office and retail space. Currently, there are five individual suites available, ranging in size from a comfortable 1,503 square feet to a substantial 12,000 square feet, providing flexibility for businesses of various scales. The building's designation as an "Executive Office" space speaks to its high-quality finishes and amenities, ideal for businesses seeking a prestigious address. The property is classified as both Office and Retail, presenting opportunities for a diverse range of tenants. Its multiple tenancy structure allows for a vibrant and collaborative environment. The precise configuration of the available spaces can be tailored to meet specific business needs. Situated in Duval County, this location benefits from excellent accessibility and visibility, making it an attractive option for companies seeking a prominent presence in Jacksonville's dynamic Riverside area. The property's prime location offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. Interested parties are encouraged to inquire about the specific details of the available suites and their respective lease terms. This is a rare opportunity to secure high-quality commercial space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $37,899,308

  6.5%

  $34,983,976

  7%

  $32,485,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,268,090

  Geo Method

  $14,268,090

• Alternative Use

  Use

  Valuation

  Residential

  $43,380,128

  Hospitality

  $39,735,964

  Educational

  $33,059,858

  Medical

  $34,196,836

  Retail

  $51,426,444

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3203

Longitude

-81.6743

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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