Property profile

59 Trout River Dr Jacksonville, FL 32208

OFF-MARKET
Retail properties & Spaces
Property ID
US19-0383491
20,481 SF 0.96 ac lot Built 1914
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Property summary

AI-generated overview

This exceptional 20,481-square-foot retail property in Jacksonville, Florida, presents a unique investment opportunity. Located at 59 Trout River Dr., this fee-simple, two-story building boasts 300 feet of prime Trout River frontage, including a bulkhead. Originally constructed in 1914 and extensively renovated in 2015, the property sits on a 0.96-acre lot and is zoned PUD. The building's previous use as a restaurant offers a fully equipped commercial kitchen, ample storage, a dining area, retail space, and substantial back-office space. High ceilings and a display area add to its versatility. The property benefits from a high-traffic location, directly west of the Main Street Bridge, with approximately 12,900 vehicles passing daily. Outdoor seating overlooks the river and marina, offering stunning waterfront views. The asking price is $1,800,000, translating to $87.89 per square foot. This property is ideal for a variety of uses, given its size, location, and existing infrastructure. The property is currently vacant, providing immediate occupancy for the new owner. Don't miss this chance to own a piece of Jacksonville's vibrant waterfront.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1914
Total area 20,481 SF
Lot 0.96 ac (41,818 SF)
UPID US19-0383491

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

59 Trout River Dr Jacksonville, FL 32208
Jacksonville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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