2008 Riverside AveJacksonville, FL 32204

Property Details for 2008 Riverside Ave

Year built

1939

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

18,266 SF

Zone code

CRO

Property type

Office properties

Property subtype

Office buildings

APN

090480-0000

APU

904800000

Description

This exceptional three-story, 14,480 square foot Class B office building, located at 2008 Riverside Avenue in Jacksonville, Florida, presents a unique investment opportunity. Built in 1939, this historic property boasts a prime location in the heart of the Riverside submarket, adjacent to Memorial Park and the St. Johns River. The building offers multiple tenancy options, with available suites ranging from 1,326 to 2,223 contiguous square feet, totaling 7,238 square feet of vacant space. The property sits on a 0.55-acre lot and is zoned CRO. Amenities include ample parking, convenient proximity to Five Points, numerous restaurants and shops, and executive bathrooms and showers within the suites. Each suite features separately metered electricity, and most include private restrooms. The building includes elevators and is easily accessible via Riverside Avenue and Margaret Street. This property offers a blend of historic charm and modern convenience, making it an ideal location for a variety of businesses. The building's location in Duval County, Florida, zip code 32204, provides excellent access to the city's amenities and transportation networks. This is a rare opportunity to acquire a well-maintained, historically significant office building in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,299,755

  6.5%

  $3,045,928

  7%

  $2,828,361

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,242,271

  Geo Method

  $1,242,271

• Alternative Use

  Use

  Valuation

  Residential

  $3,776,950

  Hospitality

  $3,459,666

  Educational

  $2,878,402

  Medical

  $2,977,394

  Retail

  $4,477,514

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3108

Longitude

-81.6807

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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