Prime Jacksonville Commercial Land
365 Park Street Jacksonville, FL 32204
365 Park Street, Jacksonville, FL, 32204
$3,000,000
For Sale
$3,000,000
Entitled .42-acre commercial land with high-rise potential.
Property Size9,054 SF
Lot Size0.42 Acres
Price / SF$331.35
Days on Market83
Property Features for 365 Park Street
General Information
- Standard status
- Active
- Size
- 9,054 SF
- Lot size
- 0.42 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1927
Listing Agency
ONE REALTY CORP
(904) 318-1573
Listed by
CAROLYN RENEA MORALES · License #3588899
(904) 318-1573
Source
Compass
Added: Apr 26 Checked: Jul 17 at 5:34 am
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 ONE REALTY CORP
Investment Insights
Based on property information with market context.
This .42-acre assemblage, totaling 18,354 square feet, is entitled for high-rise development. Zoned CCBD in an unlimited height section on the Emerald Trail, the property at 365 Park St. & 914 Price St. in Jacksonville, Florida 32204, features three major frontages and two major corners at Park Street, Price Street, and Oak Street. Vista Lavilla has been built feet away and are approved for more. The Marriott Ext Stay Residence Inn is located at 357 Oak Street, steps away on the opposite corner from Park and Price Streets. A $100 million hotel project is approved across the street at 380 Park Street. Completed and approved institutional development surrounds the site. The existing 9,054-square-foot building, originally the Dance Warehouse and Brooklyn Royal, can be revitalized. Situated in a high walk score corridor encouraged by DIA, the property offers unlimited commercial potential. The University of Florida is also building a campus nearby.
Key Highlights
- Entitled for high rise development with tower economics on .42 acres in an unlimited height zone.
- Located on the Emerald Trail with 3 major frontages and 2 major corners (Park St, Price St & Oak St).
- Surrounded by completed and approved institutional developments, including a $100M hotel project approved across the street.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.3k | $24.00 |
| − Vacancy | −$26.1k | −$2.88 |
| EGI | $191.2k | $21.12 |
| − OpEx | −$71.7k | −$7.92 |
| NOI | $119.5k | $13.20 |
9,054 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.71M
$1.49M – $1.99M
NOI $119,513 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,620 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Entitled .42-acre commercial land with high-rise potential.
Where is this commercial land located?
The property is located at 365 Park Street Jacksonville, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Entitled for high rise development with tower economics on .42 acres in an unlimited height zone.; Located on the Emerald Trail with 3 major frontages and **2 major corners (Park St, Price St & Oak St)**.; Surrounded by completed and approved institutional developments, including a $100M hotel project approved across the street.
