Historic Office Buildings with
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2717 Riverside Ave, Jacksonville, FL 32205
Two restored office buildings total 6,447 SF, including a main building and a back building with garage plus second-story space.
Property Size6,447 SF
Price / SF$418.02
Days on Market976
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Property Features for 2717 Riverside Ave
General Information
Standard status
Active
Size
6,447 SF
Property subtype
OFFICE
Amenities
high end oak, pine, ceramic, stone, and marble flooring
wi-fi enabled, programmable thermostats
motion detected lighting
950 lb capacity elevator
top of the line security system
ada compliance
Building Details
Year Built
1924
Year Renovated
2019
Stories
2
Listing Agency:
NAI Hallmark | Jacksonville
(904) 363-9002
Listed By:
Daniel Burkhardt · License #3260896
(904) 404-4455
Source:
Moodyscre
Added: Feb 12, 2024
Changed: Oct 10
Last Checked: Oct 15 at 1:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Hallmark | Jacksonville
Investment Insights
Based on property information with market context.
The property consists of two office buildings totaling 6,447 square feet. The main building is 5,611 square feet and includes a 950 lb capacity elevator servicing the first two stories, along with motion-detected lighting and a top-of-the-line security system. The back building is 836 square feet and includes a garage plus a second-story office or storage space.
Originally built in 1924, the buildings were renovated in 2019 to retain historic character while adding modern office amenities, including high-end custom finishes and Wi-Fi enabled programmable thermostats. The property also provides ADA compliance.
Interior finishes include high end oak, pine, ceramic, stone, and marble flooring throughout the buildings.
Originally built in 1924, the buildings were renovated in 2019 to retain historic character while adding modern office amenities, including high-end custom finishes and Wi-Fi enabled programmable thermostats. The property also provides ADA compliance.
Interior finishes include high end oak, pine, ceramic, stone, and marble flooring throughout the buildings.
Key Highlights
- Two restored office buildings totaling 6,447 SF at 2717 Riverside Avenue, Jacksonville, FL 32205
- Main building offers 5,611 SF; back building is 836 SF with a garage plus second‑story office or storage space
- Built in 1924 and renovated in 2019 with custom high‑end finishes throughout, preserving historic value
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,721
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,854,420
$1.9M
Cap Rate 7%
$1,324,586
$1.3M
Cap Rate 9%
$1,030,233
$1.0M
Market Conditions
NOI Build-Up for 6,447 SF
Gross rent
$154.7K $24.00/SF
− Vacancy
−$31.1K −$4.82/SF
EGI
$123.6K $19.18/SF
− OpEx
−$30.9K −$4.79/SF
NOI
$92.7K $14.38/SF
Area
Jacksonville, FL
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,854,420
Cap Rate 7%
$1,324,586
Cap Rate 9%
$1,030,233
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.55M
NOI $92,721 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,628 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 32205, FL
29,605
Population
16,188
Households
1.8
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,845
Density / Sq Mi
$60,609
Median Household Income
$43,122
Median Earnings
$1,190
Median Rent
$257,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
Frequently Asked Questions
What type of property is this?
Office building - Two restored office buildings total 6,447 SF, including a main building and a back building with garage plus second-story space.
Where is this office building located?
The property is located at 2717 Riverside Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Two restored office buildings totaling 6,447 SF at 2717 Riverside Avenue, Jacksonville, FL 32205; Main building offers 5,611 SF; back building is 836 SF with a garage plus second‑story office or storage space; Built in 1924 and renovated in 2019 with custom high‑end finishes throughout, preserving historic value
