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    1599 Elder St Jacksonville, FL 32204

    Sponsored
    For Sale
    $289,999

    Prime Brooklyn location, skyscraper potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,308 sq ft commercial and industrial land parcel, located at 1599 Elder St, Jacksonville, FL 32204, presents a unique development opportunity. Situated in the highly desirable Riverside area of Brooklyn, this property boasts unparalleled visibility from Interstate 95, offering significant marketing advantages. The lot, encompassing two parcels (APN: 089566-0000, 08567-0000), measures 67x124 feet and features zero lot line setbacks, maximizing buildable space. Zoned for general commercial and industrial use, this site is approved for high-rise development, with air rights secured by the Department of Infrastructure and Aviation (DIA) allowing for construction up to 20 stories. The property is priced at $289,999, translating to $35 per square foot. The area is characterized by numerous high-rise and multifamily buildings, indicating strong market demand. This is a rare opportunity to acquire one of only two remaining parcels on Elder Street, a dead-end cul-de-sac. The property also offers potential for billboard advertising due to its prominent I-95 location and visibility from Forest Street. Parking is estimated at 12 spaces per key. The sale is offered as fee simple ownership. While lease options are possible, this is a sale by owner opportunity.

    Property Features for 1599 Elder St

    General Information

    Property type
    Land

    HighLights

    • 67' x 124' development site, zero lot line setbacks, high‑density zoning.
    • Skyscraper high‑rise zoning.
    • Highly desirable Riverside location.
    • High‑rise/skyscraper zoning.
    • Development Air Rights secured by DIA.
    • 20‑story building potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6790098
    Latitude
    30.3238959

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn location, skyscraper potential.
    Where is this land located?
    The property is located at 1599 Elder St Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $289,999.
    What are key features of this property?
    This property features: 67' x 124' development site, zero lot line setbacks, high-density zoning.; Skyscraper high-rise zoning.; Highly desirable Riverside location.
    Request Owner's contact information
    1599 Elder St Jacksonville, FL 32204
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1599 Elder St Jacksonville, FL 32204
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