59 Trout River Dr Jacksonville, FL 32208
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.