4900 Baymeadows Rd Jacksonville, FL 32217
- Commercial real estate
- 10,855 SF
- 4.60 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4900 Baymeadows Rd
- Lot size
- 4.60 lot acres
- Property size
- 10,855 SF
- Property type
- Commercial real estate
- APN
- 148120 0100
Description
This exceptional 4.6-acre parcel in Jacksonville, Florida, presents a unique investment opportunity. Priced at $2,600,000 ($239.52/sq ft), this 10,855 square foot site boasts an approved Planned Unit Development (PUD) certification from the City of Jacksonville for a 135-unit senior living campus. The approved plan includes 32 independent living, 65 assisted living, and 31 memory care units, totaling approximately 116,000 square feet. Designed by Architectural Concepts Inc., the project features innovative common areas and living spaces, incorporating value engineering throughout. A comprehensive market feasibility study by PMD Advisory Services, LLC, confirms significant demand, projecting a need for additional senior living units in the area. The site's prime location in Duval County, between five major Catholic parishes, offers strong community ties and potential for further collaboration. The project benefits from secured environmental and land use entitlements, including Ordinance No. 2018-129-E, and enjoys the City of Jacksonville's continued support, with potential for financial incentives like property tax deferrals. The previous endorsement from the Catholic Diocese of Saint Augustine is available for review and potential renewal. This turnkey opportunity allows for immediate development, capitalizing on the high demand for senior living facilities in this thriving Jacksonville market. The property includes two existing buildings. The APN is 148120 0100.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.5997805
- Latitude
- 30.2201333
