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    OFF-MARKET
    Land

    6701 Normandy Blvd, Jacksonville, FL 32205

    14.95 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 14.95-acre parcel in Jacksonville, Florida, presents a compelling value-add investment opportunity. Located off Normandy Boulevard and less than a quarter-mile from Cecil Commerce Parkway, this strategically positioned land boasts a fully approved Planned Unit Development (PUD) for 240 residential units. The PUD approval signifies completion of the entitlement process, including zoning compliance, environmental impact assessments, and community planning considerations. Permit plans are ready for submission, streamlining the development process. The property features an established wetland delineation line, ensuring compliance with environmental regulations. This fee-simple ownership offers significant potential for a multifamily development in a prime Jacksonville location, providing convenient access to major roadways and city amenities. The asking price is $4,400,000. The APN is 002185-0000. The property is classified as Class B and is zoned for both commercial and residential use. While a pro-forma NOI and cap rate are not currently available, the significant potential for rental income makes this a highly attractive investment. This is a rare opportunity to acquire a fully entitled development site ready for immediate action.

    Property profile
    Verified
    Property type Land
    Lot 14.95 ac (651,222 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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