Restored Historic Riverside Office
For Sale
$3,100,000
2717 Riverside Ave, Jacksonville, FL 32205
Meticulously restored office property with modern amenities in Jacksonville, Florida.
Property Size6,447 SF
Price / SF$480.84
Days on Market199
Property Features for 2717 Riverside Ave
General Information
Standard status
Active
Size
6,447 SF
Class
B
Property subtype
office
Listing Agency:
Jacksonville
(407) 982-8550
Listed By:
Preston Phillips · License #3204411
(904) 559-3916
Source:
Property.jll
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 9 at 4:52PM
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 Jacksonville
Investment Insights
Based on property information with market context.
This property, located at 2717 Riverside Avenue, Jacksonville, Florida 32205, presents a unique opportunity. The property has been meticulously restored to retain its historic charm, while offering modern amenities. It consists of two buildings: a 5,611 square foot main building and an 836 square foot back building containing a garage and a second story office or storage space. The total property size is 6,447 square feet.
Key Highlights
- Meticulously restored historic property offering historic charm from 1924.
- Modern, state‑of‑the‑art office amenities.
- Two buildings included: a 5,611 SF main building and an 836 SF back building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,721
Cap Rate
2.99%
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 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,628 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Office building - Meticulously restored office property with modern amenities in Jacksonville, Florida.
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 $3,100,000.
What are key features of this property?
This property features: Meticulously restored historic property offering historic charm from 1924.; Modern, state‑of‑the‑art office amenities.; Two buildings included: a 5,611 SF main building and an 836 SF back building.
