$425,000

Property Description

Appx 1.83 acres of vacant land with infrastructure & shared parking that has a site plan for adding up to 8 medical office units within a complex that has 10 total units now. 6 of those 10 units totaling over 11,200 sf of leasable space can be bought separately or together. See MLS 1128163 . 5 of the units have established medical or lab related uses with business leases in place, tenants been there for years- RECENTLY RENEWED, the Units have 6.3% CAP rate at List Price even with the one vacancy. When fully leased, the CAP rate will increase to over 7%. Hidden Value is in this listing & excess land that can be purchased separately & developed into at least 8 more units. Great investment now. Buy - hold - or add value to the other units as a package

Property Features

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  •  Yes
  •  2
  •  Annually
  •  Plat Map on File
  •  N
  •  At Closing
    • Commercial
    • Professional/Office
    • Cable - Available
    • Electric Near Site
    • Sewer - Near Site
    • Sewer - Public
    • Water - Near Site
    • Water - Publ
  • Exterior Features

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    • High & Dry
    • Level
    • Regular Lot
    • Well Drained
  •  Other
    • 2 Lane Road
    • Bus. District Street
  •  Asphalt Road
  •  Vacant Land
  • Courtesy of Coldwell Banker Vanguard Realty

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    Alex Norkus

    (904) 280-3000
    Keller Williams Jacksonville Realty