2463 Ormsby Cir Jacksonville, FL 32210
This 0.85-acre waterfront property in Jacksonville, Florida (APN 1040270000), offers exceptional development potential. Zoned RMD-D, it allows for up to 19 units per acre. Previous city approvals exist for a nine-unit condo project (drawings available), but the design requires verification and updating by the buyer. The property boasts 400 feet of bulkhead on the water, with a permitted single dock and access to up to 10 sewer connections via an existing lift station (with potential for more). A layout for five separate waterfront lots is also available. Alternatively, this site is ideal for a single-family riverfront estate. Enjoy spectacular nighttime views. Buyers are responsible for verifying all design approvals, density allowances, permits, and utility connections. Access is by appointment only. Fee simple ownership. Asking price: $499,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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