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    831 1St Ave Jacksonville Beach, FL 32250

    Sponsored
    For Sale
    $7,400,000

    Prime oceanfront redevelopment, high demand area.

    Property size:
    11,491 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.66-acre oceanfront property in Jacksonville Beach, Florida, presents a remarkable redevelopment opportunity. Located at 831 1st St N, this fee-simple owned site boasts a 11,491 square foot, two-story building constructed in 1957 and renovated in 2022. Currently vacant with an occupancy date of October 31, 2024, the property is zoned JC-1, allowing for a maximum 85% lot coverage, building heights up to 35 feet, and a gross floor area of up to 50,000 square feet. The existing structure, currently configured as a two-unit building, offers flexibility for various uses, including upscale restaurant, multi-tenant commercial space, or complete redevelopment into multi-family, condominium, or hospitality ventures. The property's prime location within a densely populated area with high commercial and residential demand, coupled with the recent influx of new national retail tenants and the presence of Margaritaville, ensures significant potential for substantial returns. The asking price is $7,400,000, translating to $643.98 per square foot. This is a rare chance to acquire a significant oceanfront parcel in a thriving Florida market. The APN is 1743340010.

    Property Features for 831 1St Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,491 SF
    Class
    B
    Lot Size
    28,750 SF

    Building Details

    Year Built/Renovated
    1957/2022
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • 0.66 acres of oceanfront land in Jacksonville Beach.
    • Exceptional redevelopment opportunity.
    • 35‑foot maximum building height allowed.
    • New construction potential: up to 50,000 square feet gross floor area.
    • High density of commercial and residential uses in the immediate vicinity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville Beach
    County
    Duval
    State
    Florida
    Longitude
    -81.390917
    Latitude
    30.2965711

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    FAQs

    What type of property is this?
    Multifamily property - Prime oceanfront redevelopment, high demand area.
    Where is this multifamily property located?
    The property is located at 831 1St Ave Jacksonville Beach, FL.
    What is the asking price?
    The asking price for this property is $7,400,000.
    What are key features of this property?
    This property features: 0.66 acres of oceanfront land in Jacksonville Beach.; Exceptional redevelopment opportunity.; 35-foot maximum building height allowed.
    Request Owner's contact information
    831 1St Ave Jacksonville Beach, FL 32250
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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
    831 1St Ave Jacksonville Beach, FL 32250
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