2142 & 2150 Park Street

2142 & 2150 Park Street, Jacksonville, FL

$995,000

Price

8,003 sqft

Building Size

0.36 acres

Lot Area

Overview
Building Size
8,003 sqft
Lot Area
0.36 acres
Occupancy
100%
Units
6
Year Built
1913
Description

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire 2142 & 2150 Park Street in Jacksonville, Florida 32204 (the “Property”). The Property consists of five multifamily units and one office unit across three buildings, containing 8,003 rentable square feet. The Property is situated on approximately 0.36 acres of land based located in Jacksonville’s Riverside submarket, which was voted one of the country’s top 10 Great Neighborhoods. All units are currently occupied. However, the owner will vacate the office unit upon sale, allowing any buyer to convert the office to multifamily, or utilize the office as an owner/user.

2142 & 2150 Park Street is located near 5 Points, Jacksonville’s first shopping area outside Downtown. With a diverse combination of restaurants, bars, and vintage stores, 5 Points is a great place to live, work and play. The Property is proximate to downtown, and has easy access to I-95 and I-10. Riverside includes a host of national and regional employers, including St. Vincent’s, Black Knight, Fidelity and CSX.

Highlights
  • The in-place rent is below market, and presents an opportunity for the new owner to increase rents upon expiration by $100-$200/month
  • Located in one of the most desirable multifamily submarkets in Jacksonville
  • Buildings are adjacent, allowing for ease of property management
  • Situated less than a mile to 5 Points
  • Jacksonville’s rent is forecasted to grow at 5% annually, which is almost double the national average
Documents

Location
Gallery