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    6802 Commonwealth Ave Jacksonville, FL 32254-2222
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    Property profile & analytics

    6802 Commonwealth Ave Jacksonville, FL 32254-2222


    • Hotels
    • 99,744 SF
    • 5.73 lot acres
    Off-Market
    Last Sale Jul 26, 2024
    $1,000,000
    Property ID
    US18-5270285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm
    • Stayable Jacksonville West / Hotel & Motel / Vacation Rental

    Property Details for 6802 Commonwealth Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.73 lot acres
    Property size
    99,744 SF
    Zone code
    CCG-1
    Property type
    Hotels
    APN
    005128-0100
    APU
    51280100

    Description

    This 175-key, two-story hotel in Jacksonville, Florida, presents a compelling investment opportunity. Built in 1981 and situated on a 3.7-acre lot, the property enjoys a highly convenient location off Interstate 295, providing easy access to Jacksonville International Airport, the JAX Cruise Port, the Prime F. Osborn III Convention Center, and Downtown Jacksonville. The CCG-1 zoning allows for potential conversion to multifamily housing, adding significant value and flexibility. The hotel's proximity to major demand generators, including the Jacksonville Zoo & Gardens, Mayo Clinic, University of North Florida, TIAA Bank Field, Southbank Riverwalk, and the Bacardi Bottling Corporation, ensures strong occupancy potential. Its location is also less than an hour from St. Augustine. The property previously operated as a Quality Inn & Suites, consistently generating over $2 million in annual revenue. A recent purchase of the front parcel by QuikTrip has also resulted in lower property taxes for potential buyers (see survey for details). This well-priced asset offers significant upside potential through improved management and branding opportunities, making it an attractive investment in a rapidly growing market. The property is free and clear of any ground lease.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,000,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.7599
    Latitude
    30.3347
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $120,146
    $2,125,289
    $4,355,611
    $6,480,900
    -
    $2,125,289
    $4,355,611
    $6,480,900
    More about this property
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