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    541 New Berlin Rd Jacksonville, FL 32218

    For Sale
    $2,880,000

    3.1 Acres, Prime Location, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.1-acre commercial property in Jacksonville, Florida, presents a unique development opportunity. Located at the signalized corner of New Berlin Road and Gillespie Avenue, this site boasts 635± feet of frontage on New Berlin Road and is zoned Commercial Planned Unit Development (PUD). The property comprises a contiguous set of seven parcels, offering flexibility for various development plans. Its strategic location places it within walking distance of Oceanway Elementary School and a short distance from Oceanway Middle School. The area is experiencing significant growth, with nearby developments including Dr. Horton Homes and the proximity to the bustling River City Marketplace, UF Health, and the new VA Medical Center under construction. The high visibility of this corner lot, currently occupied by a gas station and restaurants, ensures excellent exposure for any new development. This prime location offers easy access to major roadways and is situated in a rapidly developing area with high residential density. The 1940-built structures on the site are ready for redevelopment, making this a truly exceptional opportunity for investors seeking a high-return project. The asking price is $2,880,000.

    Property Features for 541 New Berlin Rd

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1940

    HighLights

    • $2,880,000 asking price.
    • 3.1‑acre special purpose property built in 1940.
    • Located at 541 New Berlin Rd, Jacksonville, FL 32218.
    • Comprised of seven contiguous parcels, zoned Commercial PUD.
    • Signalized corner lot with 635± feet of frontage on New Berlin Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    DUVAL
    State
    Florida
    Longitude
    -81.626231
    Latitude
    30.4667827

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    FAQs

    What type of property is this?
    Specialty property - 3.1 Acres, Prime Location, Ready to Build
    Where is this specialty property located?
    The property is located at 541 New Berlin Rd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $2,880,000.
    What are key features of this property?
    This property features: $2,880,000 asking price.; 3.1-acre special purpose property built in 1940.; Located at 541 New Berlin Rd, Jacksonville, FL 32218.
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    541 New Berlin Rd Jacksonville, FL 32218
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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
    541 New Berlin Rd Jacksonville, FL 32218
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