1750 Southside Blvd Jacksonville, FL 32216-1926

This exceptional 8.35-acre property in Jacksonville, Florida, presents a compelling value-add opportunity. The site includes a 29,751-square-foot warehouse currently leased to Tulsa Welding School until March 1, 2026, with a potential extension. The warehouse boasts 400 feet of frontage on Southside Boulevard and features one open and eight covered 10' x 12' roll-up doors, along with a roof height of 10-12 feet and 3-phase power (240 volts). An additional 4.1175 acres of vacant land offers significant development potential, including 160 feet of frontage on Atlantic Boulevard. The property is zoned PUD & CCG-2 and includes a double-sided billboard on Atlantic Boulevard. The seller is willing to subdivide the property. The current tenant is open to negotiating a new 10-year lease at market rate, with a tenant improvement allowance of $150,000-$225,000 to enhance the showroom. This presents a strong investment opportunity with a potential cap rate between 7.45% and 8.1% prior to closing, depending on the acquisition strategy. The asking price is $8,250,000, resulting in a price per square foot of $277.30. The corporate guarantee provides strong tenant credit.