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Frank Whibley

frank.whibley@roundtablerealty.com +1(904) 250-2808

$ 795,000

Est. payment | -/mo

9 Baths

10,803 SqFt

Save

$ 795,000

Est. payment | -/mo

Save

9 Baths

10,803 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,803 sqft

Price per Sqft $73

MLS Listing ID 2055566

HOA Y/N No

Year Built 1924

Annual Tax Amount $8,894

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi Family

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Rare value-add opportunity in the Avondale Historic District. This 10,803 SF, three-story building with full basement was originally built in 1924 as a hospital and later operated as an assisted living facility, offering 27 bedrooms and 9 bathrooms on a ±0.22-acre lot. Steps from Ascension St. Vincent's Riverside and the Shoppes of Avondale.
The building retains an elevator shaft, former commercial kitchen with walk-in cooler, and a fire sprinkler system, none confirmed in working order and sold strictly as-is. Recent cosmetic updates include fresh paint, new carpeting, updated plumbing fixtures, and laminate flooring in several bathrooms. Zoned RMD-D, permitting a range of residential and community uses including multi-family and elderly housing. Buyer to verify redevelopment potential and required entitlements with the City of Jacksonville. Seller will consider seller financing or a joint venture structure for the right buyer. been initiated regarding a potential multi-family conversion in the range of approximately 8-17 units, subject to City of Jacksonville approvals. A zoning exception or related entitlement process may be required depending on the final scope and design. In addition to multi-family, permitted, and exception uses, may include housing for the elderly, foster care facilities, residential treatment facilities, bed and breakfasts, churches, and group care homes.
This is a substantial infill opportunity in one of Jacksonville's most desirable historic districts -- ideal for an investor or developer seeking scale, location, and flexibility with multiple potential exit strategies.

Location

State FL

County Duval

Area 032-Avondale

Direction From I-10, take the Stockton exit and travel South. Take a right on Riverside Ave. Take a left on King Street and a right on St Johns Ave. The building will be on the right.

Interior

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Laminate, Wood

Exterior

Parking Features On Street

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Shingle

Accessibility Adaptable For Elevator

Private Pool No

Building

Lot Description Historic Area

Building Description Brick, Elevator,Reception Area

Story 3

Sewer Public Sewer

Water Public

Level or Stories 3

Structure Type Brick

Others

Tax ID 0783170000

Acceptable Financing Cash, Conventional, Owner May Carry, Other

Listing Terms Cash, Conventional, Owner May Carry, Other

Listed by BELLE EPOQUE REALTY SERVICES LLC • THOMAS LOVE

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 250-2808

frank.whibley@roundtablerealty.com

1637 Race Track Rd suite 100, Johns, Florida 32259

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2751 ST JOHNS AVE Jacksonville, FL 32205