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    1308 University Blvd Jacksonville, FL 32211

    For Sale
    $374,000

    Prime Jacksonville location, 3-unit commercial building, great investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 3-unit commercial building situated on a 2,613.6 square foot lot at 1308 UNIVERSITY Boulevard N in Jacksonville, Florida, zip code 32211. Built in 1946, the solid concrete structure currently houses three distinct commercial units: a restaurant, a convenience store, and a three-bedroom apartment. All units are included in the sale price of $374,000. The property is zoned CCG-2, considered the best commercial zoning in Jacksonville, offering significant potential for future growth and development. Seller financing is available with favorable terms, providing a flexible purchase option for qualified buyers. This multi-unit property presents a rare opportunity to acquire a well-established commercial complex in a prime Jacksonville location. The property's solid construction and desirable zoning make it an attractive investment for both seasoned and new investors seeking a strong return on investment. The existing tenants provide immediate cash flow, further enhancing the appeal of this exceptional offering. Don't miss this chance to own a piece of Jacksonville's thriving commercial landscape.

    Property Features for 1308 University Blvd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1946

    HighLights

    • $374,000 asking price.
    • Retail, land, and office property.
    • 1946 construction.
    • 2,613.6 sq ft lot.
    • Located at 1308 University Boulevard N, Jacksonville, FL 32211.
    • Features three commercial units (restaurant, convenience store), plus a three‑bedroom apartment.
    Property Profile Insight Report 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

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6030834
    Latitude
    30.3338385

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    FAQs

    What type of property is this?
    Office Property Space - Prime Jacksonville location, 3-unit commercial building, great investment.
    Where is this office property space located?
    The property is located at 1308 University Blvd Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $374,000.
    What are key features of this property?
    This property features: $374,000 asking price.; Retail, land, and office property.; 1946 construction.
    Request Owner's contact information
    1308 University Blvd Jacksonville, FL 32211
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    Jacksonville, FL 32211
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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
    1308 University Blvd Jacksonville, FL 32211
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