Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6701 Normandy Blvd Jacksonville, FL 32205

    For Sale
    $4,400,000

    14.95 Acres, 240-Unit PUD Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 14.95-acre parcel in Jacksonville, Florida, presents a compelling value-add investment opportunity. Located off Normandy Boulevard and less than a quarter-mile from Cecil Commerce Parkway, this strategically positioned land boasts a fully approved Planned Unit Development (PUD) for 240 residential units. The PUD approval signifies completion of the entitlement process, including zoning compliance, environmental impact assessments, and community planning considerations. Permit plans are ready for submission, streamlining the development process. The property features an established wetland delineation line, ensuring compliance with environmental regulations. This fee-simple ownership offers significant potential for a multifamily development in a prime Jacksonville location, providing convenient access to major roadways and city amenities. The asking price is $4,400,000. The APN is 002185-0000. The property is classified as Class B and is zoned for both commercial and residential use. While a pro-forma NOI and cap rate are not currently available, the significant potential for rental income makes this a highly attractive investment. This is a rare opportunity to acquire a fully entitled development site ready for immediate action.

    Property Features for 6701 Normandy Blvd

    General Information

    Property type
    Multifamily properties
    Class
    B
    Lot Size
    651,222 SF

    HighLights

    • 14.95‑acre fully entitled site approved for 240 residential units with a Planned Unit Development (PUD).
    • Less than a quarter‑mile from Cecil Commerce Parkway in Jacksonville, FL.
    • Established wetland delineation ensures environmental compliance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -81.7564543
    Latitude
    30.3042713

    Nearby Similar for Sale

    • $3,850,000
      6,336 SF

      Luxury Estate on Secluded Acreage

      Spacious residence on 12.68 acres with pool and studio.
      3010 Starratt Rd, Jacksonville, FL 32226
      View Details
    • New
      $725,000
      2,231 SF

      Renovated Quadplex in San Marco

      Updated quadplex in San Marco with strong income potential.
      1535 Belmonte Ave, Jacksonville, FL 32207
      View Details
    • $669,900
      3,001 SF

      Renovated Multi-Family Home with Dock

      Renovated multi-family home with deep water access and pool.
      5590 La Moya Ave, Jacksonville, FL 32210
      View Details
    • $565,000
      2,556 SF

      Updated 4-Plex in Historic District

      Charming Jacksonville 4-plex with modern updates and income potential.
      2659 College St, Jacksonville, FL 32204
      View Details
    • $3,400,000
      22,344 SF

      Jacksonville Office Investment Opportunity

      Professionally managed Class B office building in Salisbury Lakes Business Park.
      4237 Salisbury Rd, Jacksonville, FL 32216
      View Details
    • $313,300
      2,031 SF

      Income-Generating Jacksonville Investment Opportunity

      Two income properties in Jacksonville with potential for additional development.
      717 Virginia St, Jacksonville, FL 32209
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 14.95 Acres, 240-Unit PUD Approved
    Where is this multifamily property located?
    The property is located at 6701 Normandy Blvd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: 14.95-acre fully entitled site approved for 240 residential units with a Planned Unit Development (PUD).; Less than a quarter-mile from Cecil Commerce Parkway in Jacksonville, FL.; Established wetland delineation ensures environmental compliance.
    Request Owner's contact information
    6701 Normandy Blvd Jacksonville, FL 32205
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6701 Normandy Blvd
    Jacksonville, FL 32205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    6701 Normandy Blvd Jacksonville, FL 32205
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.