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    US-1 274 St Jacksonville, FL 33032

    For Sale
    $3,250,000

    3-Acre US-1 Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3-acre lakefront property in Duval County, Florida, presents a prime opportunity for multifamily development. Located at the intersection of US-1 and SW 274th St, Jacksonville, FL 33032, this Class B site offers approximately 70 units of potential density under current MC zoning, ideal for a garden-style, surface park design. The land's strategic location provides convenient access to major transportation arteries, including US-1 and the South Dade Busway Station, offering easy connectivity to the MetroRail at Dadeland Station. Furthermore, the property benefits from its proximity to a grocery-anchored retail center featuring a Fresco Y Mas (Winn Dixie), dining options, shopping, a gym, and healthcare services, enhancing the desirability for future residents. Nearby schools, including elementary and senior high schools, add to the site's family-friendly appeal. The asking price for this remarkable development opportunity is $3,250,000. This is a rare chance to build a thriving multifamily community in a rapidly growing area.

    Property Features for US-1 274 St

    General Information

    Property type
    Multifamily properties
    Class
    B
    Lot Size
    130,680 SF

    Building Details

    Units
    70

    HighLights

    • Over 3 acres of lakefront land ideal for multifamily development.
    • 70‑unit multifamily development potential.
    • Convenient walkability to a Winn‑Dixie anchored shopping center and 24‑hour fitness facility.
    • Proximity to elementary and senior high schools.
    • Excellent access to US‑1, the Turnpike, and the South Dade Busway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    City
    Jacksonville
    County
    Duval
    State
    Florida

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    FAQs

    What type of property is this?
    Multifamily property - 3-Acre US-1 Development Opportunity
    Where is this multifamily property located?
    The property is located at US-1 274 St Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Over 3 acres of lakefront land ideal for multifamily development.; 70-unit multifamily development potential.; Convenient walkability to a Winn-Dixie anchored shopping center and 24-hour fitness facility.
    (305) 235-1500
    Request Owner's contact information
    US-1 274 St Jacksonville, FL 33032
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    Jacksonville, FL 33032
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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
    US-1 274 St Jacksonville, FL 33032
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