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648 East UNION ST, JACKSONVILLE, FL 32206-5641 (MLS# 732274)

648 East UNION ST JACKSONVILLE, FL 32206-5641

PRICE: $4,700,000

   |    MLS#: 732274   |   330822 sqft

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Property Description

Downtown is on fire! Tons of potential and added value in unique commercial property with over 7 acres and over 400,000 gross square feet in 7 buildings in the urban core. Property has easy access to major interstates, thriving urban core, professional sports complex, Tallyrand, shipping, rail, and cultural centers. This property is an iconic Jacksonville landmark. The main building is concrete and steel construction built in 1914 with truck friendly loading docks, ample parking, 11 freight elevators, sprinkler system, water tower, partial fencing, offices, 4 stories with basement. The six other buildings are a mix of brick, concrete, metal, and stucco. Current occupancy rate hovers around 95%.



Details
Maps
None
Publish to Internet: 1  


Listing Information
Realtor.COM Type: Commercial Category: Commercial
Status: Active Region: 07-SPRINGFIELD/DOWNTOWN/PAXON/TROUT RIVER SOUTH
Area: 072-SPRINGFIELD Price: 4700000
Real Estate Parcel #: 1220920000  


Location, School & Taxes
Street Number: 648 Street Direction Pfx: East
Street Name: UNION Street Sfx: ST
State/Province: FL County: DUVAL
Postal Code: 32206-5641 Legal Description: Y-430 13-2S-26E 7.88 COLES R/P LOTS 10,11,12 BLK 2 OAKLAND


Property Description
Total Rooms/Units: 64 Waterfront Y/N: N
Navgble to Ocean Y/N: N Current Zoning: CRO
Total Acres: 7.8 Total Bldg SqFt: 366946
Approx. Heated SqFt: 330822 Increments SqFt: 414578
Year Built: 1913 Type: Industrial Warehouse\


Directions and Remarks
Directions: downtown under the Matthew's bridge, corner of Ionia and E. Union St. Public Remarks: Downtown is on fire! Tons of potential and added value in unique commercial property with over 7 acres and over 400,000 gross square feet in 7 buildings in the urban core. Property has easy access to major interstates, thriving urban core, professional sports complex, Tallyrand, shipping, rail, and cultural centers. This property is an iconic Jacksonville landmark. The main building is concrete and steel construction built in 1914 with truck friendly loading docks, ample parking, 11 freight elevators, sprinkler system, water tower, partial fencing, offices, 4 stories with basement. The six other buildings are a mix of brick, concrete, metal, and stucco. Current occupancy rate hovers around 95%.


Annual Desc/Invest
Occupancy Rate: 95 Minimum Lease Term: 1 month


Property Details
Land Use Code: CRO Conform to Exist.Zng: Yes
Multiple Parcels: Yes  


Property Features
Type/Potential Use: Office; Industrial/Warehouse; Retail; Multi-Family; Hotel/Motel; Business; Business with RE; Investment; Commercial; PUD; Recreational; Business Park; Net Lease; Full Service Lease; Other
Present Use/Zoned: Commercial; Industrial/Warehouse; Professional/Office; Building Trades
Use of Adjacent Area: Residential; Multi-Family; Recreational Area; Commercial; Professional Office; Industrial; Interstate Exprswy; U.S. Highway; State Road; City Street
Square Foot Source: Plans
Number of Buildings: 7+ Bldgs
Building Stories: 4 Stories
Number of Units: 51 - 75 Units
HVAC: Central; Individual Meter; Office; Electric; Window
Utilities: Water - Public; Sewer - Public; Cable - Available; DSL Available; Sep Elect Meter(s)
Structure: Steel Framing; Concrete Floor
Exterior Wall: Mostly Brick
Condition: Good
Ceiling Height: 10' - 12' Ceilings; 12' - 14' Ceilings
Column Spacing: 9 - 20 Feet
Development Status: Recorded Plat
Misc Amenities: Security System; Security Lighting; Elevator; Loading Truck Level; Outside Storage; Columns; Fenced; Multi-Tenant; Historic Building
Occupancy: Tenant Occupied
Fencing: Fenced Partial; Chain Link
Parking Facilities: Attached Parking; On-Street Parking; Not Assigned Parking; Other Parking; Gravel; Secured
Waterfront Descript: Creek
Lot Description/View: Water Access; Curb & Gutter; Sidewalks; Level; High & Dry
Lot Location: Historic Area; Downtown; Urban/City
Road Frontage: City Street
Road Surface: Concrete Road
Landlord Expenses: Taxes; Insurance; Maintenance; Structural; Roof
Tenant Expenses: Utilities; Janitorial; Signage
Expenses Include: Accounting/Legal; Licenses & Permits; Property Insurance; Payroll; Taxes-Real Estate; Repairs & Maint; Supplies
Possible Financing: Cash; Conventional; Owner Financing; Private Financing Available
Documents on File: Photos on File; Floor Plans on File
Export Options: Publish Address



Listing Office: WATSON REALTY CORP

Last Updated: March - 28 - 2017

Information deemed reliable but not guaranteed.

Wednesday 26th of April 2017 11:18 PM

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