930 University Blvd N Jacksonville, FL 32211
For Sale
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This exceptional 1.65-acre commercial property at 930 University Blvd N in Jacksonville, Florida, presents a unique investment opportunity. Located at a signalized intersection, this corner lot boasts unparalleled visibility and high daily traffic counts, making it ideal for a variety of retail uses. The existing building, totaling 5,068 square feet, is currently configured to accommodate a bank, convenience store, and restaurant, reflecting its versatile zoning. The property is zoned Commercial Neighborhood (CN), allowing for a wide range of uses and additional permitted uses by exception. A significant advantage is the seller's rights to 30 parking spaces located at the adjacent 900 University Blvd. The property's proximity to the Mathews Bridge provides easy access to Downtown Jacksonville. While the building has been designated as historic, with restrictions on exterior modifications, the seller is contesting this designation and awaiting a final judgment. This prime location, across from a new Winn-Dixie grocery store, offers an exceptional chance to establish a thriving retail presence in a bustling commercial neighborhood. The asking price is $1,800,000. This property is situated in Duval County, Florida, with a zip code of 32211.
CN zoning district- (i) One street frontage sign per lot not exceeding one square foot for each linear foot of street frontage, per street, to a maximum size of 200 square feet in area for every 200 linear feet of street frontage or portion thereof is permitted, provided they are located no closer than 200 feet apart. (ii) Wall signs are permitted. (3) CCG,…
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
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Property description
Physical attributes from public recordsZoning & alternative use
CN · Jacksonville, FLCN zoning district- (i) One street frontage sign per lot not exceeding one square foot for each linear foot of street frontage, per street, to a maximum size of 200 square feet in area for every 200 linear feet of street frontage or portion thereof is permitted, provided they are located no closer than 200 feet apart. (ii) Wall signs are permitted. (3) CCG, CCBD and CR zoning districts- (i) One street frontage sign per lot not exceeding one square foot for each linear foot of street frontage, per street, to a maximum size of 300 square feet in area for every 300 linear feet of street frontage or portion thereof is permitted, provided they are located no closer than 200 feet apart. (ii) Wall signs are permitted. (iii) One under the canopy sign per occupancy not exceeding a maximum of eight square feet in area is permitted; provided, any square footage utilized for an under the canopy sign shall be subtracted from the allowable square footage that can be utilized for wall signs. (iv) In lieu of the street frontage sign permitted in subsection (i) above, a flag containing a business logo or other advertising is permitted; provided, the square footage of any such flag shall not exceed 100 square feet, or 35 percent of the allowable square footage of the street frontage sign permitted in subsection (i) above, whichever is smaller; and provided further that the pole upon which such flag is flown shall not exceed the height limitation set forth in subsection (h)(1), below. Only one flag containing a business logo or other advertising shall be permitted for a premises, regardless of any other factors such as number of tenants on the premises or total amount of street frontage. Further, any flag allowed pursuant to this subsection shall not be illuminated by any means, with the exception of lighting associated with an American flag being flown on the same flag pole. (4) In CO, RO, and CRO Districts changing message devices and illuminated and indirect lighting signs are also prohibited. (d) Industrial zoning districts: The allowable signs and the sign restrictions and requirements shall be the same as in CCG, CCBD and CR zoning districts. (e) Agriculture (AGR) zoning district: (1) One nonilluminated sign not exceeding a maximum of 16 square feet in area is permitted. (2) One nonilluminated sign not exceeding a maximum of 32 square feet in area may be allowed, provided it is specifically authorized in the grant of an exception. (f) Public Building and Facilities (PBF) Zoning Districts: (1)
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.
