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    Gate Pkwy And Deerwood Lk Pkwy Jacksonville, FL 32216

    For Sale
    $7,499,999

    Jacksonville, FL: Prime Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 65-acre parcel in Jacksonville, Florida, presents a remarkable multifamily development opportunity. Located near the intersection of Gate Parkway and Deerwood Lake Parkway, in Duval County (zip code 32216), this fee-simple property is zoned for multifamily use, offering the potential to construct over 300 units. Currently benefiting from a conservation easement, the property enjoys exceptionally low annual taxes (under $400), which can be removed. The site's strategic location is adjacent to the Deerlake subdivision and a burgeoning area near Southside Boulevard, where over 500 new apartments are under construction, indicating strong market demand. The seller is offering a 90-day due diligence period with a fully refundable deposit, providing ample time for thorough investigation and planning. With ample space for parking (provision for 200 spaces), this property represents a significant investment opportunity priced at $7,499,999. The APN is 154166-0510. This is a rare chance to acquire a large, well-situated tract of land ideal for a substantial multifamily development project in a rapidly growing area.

    Property Features for 0 Gate Pkwy And Deerwood Lk Pkwy

    General Information

    Property type
    Farms
    Lot Size
    2,831,400 SF

    HighLights

    • 65‑acre parcel located on highly desirable Gate Parkway.
    • Excellent multifamily development potential, adjacent to Deerlake subdivision.
    • Currently under conservation easement, resulting in annual property taxes under $400.
    • Seller offering a 90‑day due diligence period with a fully refundable deposit.
    • Potential for 300+ multifamily units.
    • Offered at $7,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.559166181431
    Latitude
    30.259825942246

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    FAQs

    What type of property is this?
    Farm - Jacksonville, FL: Prime Development Land
    Where is this farm located?
    The property is located at Gate Pkwy And Deerwood Lk Pkwy Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $7,499,999.
    What are key features of this property?
    This property features: 65-acre parcel located on highly desirable Gate Parkway.; Excellent multifamily development potential, adjacent to Deerlake subdivision.; Currently under conservation easement, resulting in annual property taxes under $400.
    Request Owner's contact information
    Gate Pkwy And Deerwood Lk Pkwy Jacksonville, FL 32216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Gate Pkwy And Deerwood Lk Pkwy Jacksonville, FL 32216
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