1584 Vlg Pkwy Jacksonville, FL 32221
- Office Properties & Spaces
- 79,310 SF
- 10.91 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1584 Vlg Pkwy
- Lot size
- 10.91 lot acres
- Property size
- 79,310 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents Normandy Village Plaza, a 79,310-square-foot office complex situated on a 10.91-acre lot in Jacksonville, Florida. The property is strategically located at 1584 Village Pkwy, 32221, boasting high visibility and accessibility due to its position along busy Normandy Boulevard, with convenient access to I-295. The plaza comprises two distinct buildings: a fully leased 27,328-square-foot medical office building generating a substantial net operating income (NOI) of $342,496.44 annually, and a 51,982-square-foot space previously occupied by a Publix Supermarket, presenting significant redevelopment potential. The property is zoned CCG-1, offering flexibility for future uses. This value-add investment is currently 100% occupied under a NNN lease structure, providing a strong foundation for immediate income and long-term growth in a thriving Jacksonville submarket characterized by new residential developments and major retailers. The property's prime location and substantial size make it an attractive proposition for investors seeking both immediate returns and future upside. The combination of a stable, income-producing medical office building and a large, redevelopable space provides a unique opportunity to capitalize on the area's growth trajectory.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Franklin
- State
- Florida
- Longitude
- -81.888
- Latitude
- 30.2535
