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FOR SALE | The Interchange | Multi-Family Development Opportunity

Market Price

0 Philips Highway Street, Jacksonville, FL

Active
Last Updated: 12/24/2024

43.69 acres

Lot Area

RMD-D

Zoning

Details:
Lot Area:    43.69 acres
Zoning:    RMD-D
Highlights:
  • Irreplaceable Location | The Interchange is well-connected to major roadways, including Butler Boulevard, I-95, and Southside Boulevard, facilitating easy access to other parts of Jacksonville. Its strategic location makes it convenient for businesses and commuters.
  • Southside Multi-family Submarket | With over 46,000 apartment units in total, Southside stands as the largest submarket in Florida. The demand from renters is driven by the area’s youthful and expanding population, along with its proximity to employment centers in both downtown and within the submarket.
  • Business and Commercial Hub | Boasting more than 17 million square feet of office space, Southside accommodates major employers in lucrative industries such as insurance and finance. Notable companies in this thriving landscape include Florida Blue, Bank of America, Merrill Lynch, PHH Mortgage, and Allstate.
  • Tourism and Enter | In addition to its commercial focus, the Southpoint area also offers retail and dining options. There are shopping centers, restaurants, and amenities in the vicinity, providing services for both the local workforce and residents.
  • Growing Population | Jacksonville’s cost of living is below the national average. In 2022, 50,000 new residents moved to the city, and it is now the 14th fastest-growing city. According to the Wall Street Journal Jacksonville has the 3rd the hottest job market in America. The city has 220 days of sunshine and 22 miles of Atlantic coastline.
Description:

Matthews Real Estate Investment Services is pleased to present The Interchange Development Site, a prime 43-acre RMD-D zoned property nestled within the thriving Southpoint submarket. Boasting a central location, this site serves as a nexus, seamlessly connecting San Marco, Downtown, Riverside, St. John’s Town Center, Southside, and the Beaches via major arteries— I-295, I-95, US-1, and J. Turner Blvd.

With an irreplaceable location, The Interchange will provide immediate access for future residents to Jacksonville’s premier employers, upscale shopping centers, retail outlets, fine dining experiences, vibrant entertainment venues, and essential conveniences. This exceptional development opportunity stands as one of Jacksonville’s most uniquely positioned sites, offering the chance to capitalize on the burgeoning commercial and residential demand overtaking the Southpoint submarket.

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Documents:
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Offering Memorandum
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