Property summary
This exceptional 41,232-square-foot motel in Jacksonville, Florida, presents a unique redevelopment opportunity. Situated on a 3.7-acre lot with 148 parking spaces, this 109-key property boasts convenient I-95 access, placing it within easy reach of downtown Jacksonville, EverBank Field, Jacksonville Ice and Sportsplex, area beaches, shopping, golf courses, and numerous restaurants. Jacksonville International Airport is only 25 miles away. Built in 1982 and renovated in 1990, the single-story motel currently features amenities such as complimentary large-vehicle parking, Wi-Fi, guest laundry facilities, and a seasonal outdoor pool. The property is zoned PUD, offering potential for alternative uses such as affordable housing, senior living, or student housing, subject to necessary county zoning approvals. Its prime location near the University of North Florida (10 miles) and Jacksonville's thriving economy, fueled by major employers like CSX, Bank of America, Florida Blue, and Baptist Health, makes it an attractive investment. Jacksonville's diverse economy, encompassing finance, healthcare, transportation, manufacturing, and technology, along with a significant military presence, further enhances the property's long-term potential. This is a chance to capitalize on a strong location and adapt a well-situated property to meet the evolving needs of the Jacksonville market. The property's size and existing infrastructure provide a solid foundation for a successful redevelopment project.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PUD · Jacksonville, FLor other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
or other districts shall apply to those portions of a Planned Unit Development (PUD) which are devoted to uses permitted in these respective districts, unless specifically provided otherwise in the written description of…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD in Jacksonville, FL.
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