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Property profile & analytics
OFF-MARKET Estimated value $2,060,000
Office buildings

2008 Riverside Ave Jacksonville, FL 32204-4443

18,266 SF 0.55 ac lot Built 1939
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-0667403
Property summary
AI-generated overview

This exceptional three-story, 14,480 square foot Class B office building, located at 2008 Riverside Avenue in Jacksonville, Florida, presents a unique investment opportunity. Built in 1939, this historic property boasts a prime location in the heart of the Riverside submarket, adjacent to Memorial Park and the St. Johns River. The building offers multiple tenancy options, with available suites ranging from 1,326 to 2,223 contiguous square feet, totaling 7,238 square feet of vacant space. The property sits on a 0.55-acre lot and is zoned CRO. Amenities include ample parking, convenient proximity to Five Points, numerous restaurants and shops, and executive bathrooms and showers within the suites. Each suite features separately metered electricity, and most include private restrooms. The building includes elevators and is easily accessible via Riverside Avenue and Margaret Street. This property offers a blend of historic charm and modern convenience, making it an ideal location for a variety of businesses. The building's location in Duval County, Florida, zip code 32204, provides excellent access to the city's amenities and transportation networks. This is a rare opportunity to acquire a well-maintained, historically significant office building in a highly desirable location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1939
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,266 SF
Lot 0.55 ac (24,151 SF)
Zoning code CRO
APN 090480-0000
UPID US18-0667403
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
Current use
Occupant on record · Public records
  • Johnson, Mirmiran & Thompson Engineering Consultant
  • Bean Tree Pediatric Dentistry Dental Office
  • McCormick & Suttles Security Service
  • Phoenix Aircraft Services Logistics Company Moving Company
  • Esthetics by Macy Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.06M
Owner & transaction history
35 Ne 40th Street LLC · 11 yrs held
35 Ne 40th Street LLC
since 2015
3 recorded transactions
2015
$1.3M
2000
$800,000
2000
$1.1M
Zoning & alternative use
CRO · Jacksonville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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