Investment Overview

Marcus & Millichap is pleased to present the subject property, located at 831 1st St. N Jacksonville Beach, FL. Situated on 0.66 acres, this opportunity fronts the ocean and has a 9,345 SF two-story structure on the parcel. This property can be utilized in its current state as an upscale restaurant, reconfigured by demising the building for multiple uses/businesses, or redeveloped for multi-family, condominiums, or hospitality use. With JC-1 zoning, the property is entitled to a maximum lot coverage of 85%, building height up to 35 feet, and 50,000 square feet of gross floor area. With approximately 110,000 people within a five-mile radius, the Jacksonville Beach submarket is a very densely populated pocket of Northeast Florida with strenuous demand for commercial and hospitality uses due to heavy residential and tourism population and traffic nearby.