3901 Carmichael Ave Jacksonville, FL 32207-2325

This exceptional 23,940-square-foot office building in Jacksonville, Florida, presents a compelling value-add investment opportunity. Located at 3901 Carmichael Ave, this single-story, Class B property sits on a 2.82-acre lot and boasts ample parking (4.2 spaces per 1,000 sq ft). Built in 1964 and extensively renovated in 2017 (over $900,000 invested), the building features a new roof, upgraded HVAC systems with extended warranties, new flooring, refreshed ceilings, and updated restrooms. Currently vacant, this adaptable space is zoned Duval County CRO and is ideal for a variety of uses, including creative, medical, and traditional office tenants. Its prime location near I-95 and Beach Boulevard, surrounded by retail, services, and residential communities, offers excellent visibility and accessibility. The property's strong pro-forma NOI of $335,160 translates to an attractive 9.59% pro-forma cap rate. The asking price is $3,495,000, and seller financing may be available to qualified buyers. This property offers a rare combination of location, quality, and flexibility, making it a highly desirable investment for owner-users and investors seeking a dependable, high-quality asset in a rapidly growing market. The property's proximity to major healthcare centers like Memorial Hospital Jacksonville, Baptist Health Medical Center, and UF Health Shands Hospital further enhances its appeal.