831 1st N St, Jacksonville Beach, FL 32250-7105
- Turn key restaurants
- 9,345 SF
- 0.66 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 831 1st N St
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.66 lot acres
- Zone code
- JC-1
- Property type
- Turn key restaurants
- APN
- 174334-0010
- APU
- 1743340010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 16, 2022 | — | Florida First Capital Finance Corp | Refinery Restaurant LLC | Assignment Of Lease (leasehold Sale) | — |
| May 17, 2022 | $5,505,000 | 831 First Street North LLC | Blues Rock Investments LLC | Warranty Deed | $3.1M · Intracoastal Bank |
| Jan 17, 2019 | — | Blues Rock Investments LLC | Blues Rock Investment LLC | Re-recorded Document · related | $600k · Earth Capital LLC |
| Aug 23, 2013 | — | Blues Rock Investment LLC | Blues Rock Inn LLC | Warranty Deed | $1.3M · Jpmorgan Chase Bank NA |
| Jun 6, 2005 | — | Kathleen M Detwiler | Ocean Land Trust | Quit Claim Deed · related | — |
| — | — | Blues Rock Investments LLC | — | Deed Of Trust · related | $600k · Earth Capital LLC |
| — | — | Acquilus III LLC | — | Deed Of Trust · related | $1.8M · Fairfield Financial Services |
Description
This exceptional 0.66-acre oceanfront property in Jacksonville Beach, Florida, presents a remarkable redevelopment opportunity. Located at 831 1st St N, this fee-simple owned site boasts a 11,491 square foot, two-story building constructed in 1957 and renovated in 2022. Currently vacant with an occupancy date of October 31, 2024, the property is zoned JC-1, allowing for a maximum 85% lot coverage, building heights up to 35 feet, and a gross floor area of up to 50,000 square feet. The existing structure, currently configured as a two-unit building, offers flexibility for various uses, including upscale restaurant, multi-tenant commercial space, or complete redevelopment into multi-family, condominium, or hospitality ventures. The property's prime location within a densely populated area with high commercial and residential demand, coupled with the recent influx of new national retail tenants and the presence of Margaritaville, ensures significant potential for substantial returns. The asking price is $7,400,000, translating to $643.98 per square foot. This is a rare chance to acquire a significant oceanfront parcel in a thriving Florida market. The APN is 1743340010.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,480,000
- ML approach
- $4,475,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,195,000
Market price range: $2.08M - $7.55M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jacksonville Beach
- County
- Duval
- State
- Florida
- Longitude
- -81.3907
- Latitude
- 30.2966
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
