5940 Beach Blvd Jacksonville, FL 32207
For Sale
1 / 21
This exceptional 54,297 square-foot single-story building sits on a 5.81-acre lot at a high-traffic Jacksonville intersection (over 60,000 cars daily) on Beach Boulevard, a major thoroughfare. Originally constructed in 1979 as an Albertsons grocery store, it later served as Rowe's Food Store and, most recently, underwent a multi-million dollar renovation in 2011 to become a first-class higher education facility for Virginia College. The property boasts 297 parking spaces and is zoned CCG-1. With 35,000 square feet currently vacant, this Class A building presents a unique redevelopment opportunity. Its adaptable design lends itself to various uses, including but not limited to: a private university, charter school, private school, grocery store, medical office space, mini-warehouse, office call center, or other retail ventures. The substantial school-oriented improvements offer a significant advantage for potential buyers seeking a quick turnaround. This freestanding building offers substantial potential for investors seeking a prime location in a thriving Jacksonville market. The Duval County location and ample parking further enhance its appeal.
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Jacksonville University Healthcare Simulation Center University
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The Broach School of Jacksonville South Campus High School
(CCG-1), Commercial Community/General-2 (CCG-2), and Planned Unit Development (PUD) having commercial uses. (c) Building Form and Finish Materials. The following general provisions shall apply to all Development in the Mayport Road Zoning Overlay. (1) Roofs, which give the appearance of a flat roof from any street side of the building, are prohibited. Roofs…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CCG-1 · Jacksonville, FL(CCG-1), Commercial Community/General-2 (CCG-2), and Planned Unit Development (PUD) having commercial uses. (c) Building Form and Finish Materials. The following general provisions shall apply to all Development in the Mayport Road Zoning Overlay. (1) Roofs, which give the appearance of a flat roof from any street side of the building, are prohibited. Roofs may be gabled, hipped, mansard or otherwise designed to avoid the appearance of a flat roof from the adjoining street. (2) Open bay doors and other similar large doors providing access to work areas and storage areas shall not open towards or directly face Mayport Road. (3) The exterior finish of new buildings, and any exterior finish alterations and/or additions to the front side, street side or any side visible from adjoining residential properties of existing buildings, shall be of brick, wood, concrete, stucco, exterior insulation and finish systems (EIFS), architectural or split-face block, or other finish materials with similar appearance and texture. Metal clad, corrugated metal, plywood or Oriented Strand Board (OSB), and exposed plain concrete block shall not be permitted as exterior finish materials on the front or any street side of a building. (4) Exterior walls facing Mayport Road shall be relieved by doors, windows and architectural details. (5) Maximum building height shall be 35 feet. (d) Lighting. Exterior lighting shall be the minimum necessary to provide security and safety. (1) Direct lighting sources shall be shielded or recessed so that light does not directly illuminate adjacent properties. (2) Light poles without shielded luminary shall not exceed 15 feet in height. (3) Light poles with shielded luminary shall not exceed 35 feet in height. (4) Proposed lighting site plan showing the estimated illumination levels shall be shown on all plans submitted for site plan review. (5) Maximum contributed illumination at any property line shall be 0.5 foot candles. (e) Fences. The use of chain link, barbed wire, razor or concertina wire, and like fencing shall be prohibited where visible from any public right-of-way. Lawfully existing fencing at the time of the effective date of these regulations shall be permitted for ten years. After ten years from the effective date of these regulations, all fencing shall meet the requirements herein. (f) Landscaping and required buffers. The provisions of
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.
