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Shopping Strip

831 1st Street North | Oceanfront MF Redevelopment

831 1st St N, Jacksonville Beach, FL 32250

Listing Price: $7,400,000

Cap Rate
1.00%
Gross SF
9,345
Rentable SF
9,345
Price/Gross SF
$791.87
Lot Size
0.66 acres
Year Built
1957

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.

Investment Highlights

  • 0.66 Oceanfront Acres in Jacksonville Beach
  • Prime Redevelopment Opportunity
  • Building Height up to 35 Feet
  • Up to 50,000 SF of Gross Floor Area on a New Build
  • Heavy Commercial & Residential Use Nearby

Exclusively Listed By

Financing By

Shopping Strip

831 1st Street North | Oceanfront MF Redevelopment

Listing Price: $7,400,000

Cap Rate
1.00%
Gross SF
9,345
Rentable SF
9,345
Price/Gross SF
$791.87
Lot Size
0.66 acres
Year Built
1957

Investment Highlights

  • 0.66 Oceanfront Acres in Jacksonville Beach
  • Prime Redevelopment Opportunity
  • Building Height up to 35 Feet
  • Up to 50,000 SF of Gross Floor Area on a New Build
  • Heavy Commercial & Residential Use Nearby

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.

Exclusively Listed By

Financing By

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