2050 St Johns PkwySaint Johns, FL 32259

Property Details for 2050 St Johns Pkwy

Year built

2022

Construction

STEEL FRAME

Lot size

5.75 AC

Property size (Sq ft)

25,826 SF

Zone code

PUD

Property type

Office properties

Property subtype

Office buildings

APN

023630 0090

APU

236300090

Description

This exceptional Class A medical office building, part of the Palms Professional Park, offers a prime location in St. Johns, Florida. The building boasts a total of 24,000 square feet, with one suite currently available, measuring 1,711 square feet. Situated on a 5.75-acre lot, the property provides ample parking and two convenient points of egress. Its strategic location on St. Johns Parkway, off 9B, ensures high visibility with over 23,000 vehicles passing daily. The 1,288 feet of frontage maximizes exposure for businesses. The property is zoned PUD, allowing for versatile use including office, retail, or medical spaces. This rapidly developing area offers easy access to major roadways such as I-295 and I-95, placing tenants within minutes of Durbin Park, Race Track Road, numerous multi-family housing developments, and national retailers. This is an unparalleled opportunity to establish a presence in a thriving and highly accessible location. The building's modern design and amenities cater to the needs of today's businesses. Don't miss this chance to secure a space in this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,658,157

  6.5%

  $4,299,837

  7%

  $3,992,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,756,426

  Geo Method

  $1,756,426

• Alternative Use

  Use

  Valuation

  Residential

  $5,331,798

  Hospitality

  $4,883,898

  Educational

  $4,063,346

  Medical

  $4,203,091

  Retail

  $6,320,760

Location Insight

City

Saint Johns

County

St. Johns

State

Florida

Latitude

30.089

Longitude

-81.5353

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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