Prime Jacksonville Commercial Land
For Sale
$3,000,000
365 Park Street, Jacksonville, FL 32204
Entitled .42-acre commercial land with high-rise potential.
Property Size9,054 SF
Lot Size0.42 Acres
Price / SF$331.35
Days on Market103
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
Changed: Jul 10
Last Checked: Aug 5 at 11:01AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 32204, FL
8,673
Population
5,342
Households
1.6
Avg Household Size
39
Median Age
41%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,212
Density / Sq Mi
$54,462
Median Household Income
$47,872
Median Earnings
$1,132
Median Rent
$342,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
