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Four-Parcel Corner Retail & Multifamily
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434 N 3rd St, Jacksonville Beach, FL 32250

Signalized corner assemblage with income-producing multifamily and retail units, suited for redevelopment planning at year-end lease rollover.

Property Size31,363 SF
Lot Size0.72 Acres
Days on Market60

Property Features for 434 N 3rd St

General Information

Standard status Active
Size 31,363 SF
Lot size 0.72 Acres
Property subtype Retail, Mixed Use, Land

Additional Details

Business Included Yes
Traffic Count 35,000 vehicles/day
Multifamily Units 9

Building Details

Tenancy Multi
Listing Agency: Petra
Listed By: Ashleigh Shim · License #SL3573882
Source: Crexi
Added: Jun 8 Changed: Jul 10 Last Checked: Aug 4 at 2:33PM

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 Petra

Investment Insights

Based on property information with market context.

This four-parcel assemblage is located on a high-visibility, signalized corner and currently generates income from 9 multifamily units and 1 retail unit. The property sits on a 0.72-acre site and is described as a developer’s blank canvas given the existing lease status. Public remarks note that leases are set to expire year-end, with activity managed through an entitlement process.

The corner location is positioned along an active tourism and retail corridor in Jacksonville Beach, with proximity to the Pier and Seawalk Pavilion called out in the remarks. Vehicular activity is supported by the mention of a lighted intersection with approximately 35,000 vehicles per day.

For buyers and investors, the mix of multifamily and retail income offers near-term operational continuity tied to an end-of-year rollover, while the larger corner assemblage can support redevelopment planning thereafter. An adjacent parcel under separate ownership is available to expand the assemblage to a full half-block, offering additional flexibility for an owner looking to adjust site configuration and future use.

Key Highlights

  • 0.72‑acre four‑parcel assemblage on a signalized, high‑visibility corner in Jacksonville Beach
  • Currently income‑producing: 9 multifamily units plus 1 retail unit
  • Leases are set to expire year‑end, supporting cash flow through the entitlement process

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
35,000 VPD
Traffic count
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,170
Businesses Nearby

Demographics for 32250, FL

30,080
Population
14,935
Households
2
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,342
Density / Sq Mi
$111,553
Median Household Income
$55,396
Median Earnings
$1,805
Median Rent
$526,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Signalized corner assemblage with income-producing multifamily and retail units, suited for redevelopment planning at year-end lease rollover.
Where is this apartment building located?
The property is located at 434 N 3rd St Jacksonville Beach, FL.
What are key features of this property?
This property features: 0.72‑acre four‑parcel assemblage on a signalized, high‑visibility corner in Jacksonville Beach; Currently income‑producing: 9 multifamily units plus 1 retail unit; Leases are set to expire year‑end, supporting cash flow through the entitlement process
More about this property
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