720 King St

    Jacksonville, FL 32204
    • $899,000
    • STATUS: Active
    • ON SITE: 169 days
    • MLS #: 929177
    UPDATED: 157 min ago
    $899,000
    • 0
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,846
      SQFT
    • $53
      $/SQFT
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Description

    MULTI-USE PROPERTY IN RIVERSIDE! Property consists of a 13,492 Sqft warehouse, and a second building with 1628 Sqft retail space on first floor and two 2/1 apartments on second floor. Fully leased until August 2019. ACHIEVE 8.8% CAP RATE BY AUGUST 2019 (SEE MORE/DOCUMENTS TAB FOR ATTACHMENT). Current lease is way under market presenting huge upside opportunity! New roofs in past two years on both buildings except 2000 Sqft on south side of warehouse. See documents tab for details and financials.

    Monthly Payment Calculator



    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-09-20T00:27:52.26.

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    www.exitrealestategallery.com/homes/82240559

    720 King St Jacksonville, FL 32204

    • Price: $899,000
    • Status: Active
    • Updated: 157 min ago
    • MLS #: 929177
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    16,846
    SQFT
    $53
    $/SQFT
    1950
    Built
    Neighborhood:
    03-Riverside/Avondale/Ortega
    County:
    Duval
    Area:
    03-Riverside/Avondale/Ortega
    Property Description
    MULTI-USE PROPERTY IN RIVERSIDE! Property consists of a 13,492 Sqft warehouse, and a second building with 1628 Sqft retail space on first floor and two 2/1 apartments on second floor. Fully leased until August 2019. ACHIEVE 8.8% CAP RATE BY AUGUST 2019 (SEE MORE/DOCUMENTS TAB FOR ATTACHMENT). Current lease is way under market presenting huge upside opportunity! New roofs in past two years on both buildings except 2000 Sqft on south side of warehouse. See documents tab for details and financials.
    Exterior Features

    Building Stories 2 Stories Exterior Wall Brick Lot Description Rail SidingRegular Lot Lot Location Urban/City Navigable To Ocean YN No Parking Facilities Other Parking Road Frontage City Street Road Surface Asphalt Road Structure Brick (Other) Waterfront YN No

    Interior Features

    Ceiling Height 14' - 16' Ceilings Total Bldg Sq Ft 16846.00

    Property Features

    Buildings 2 Buildings Commercial Type Agricultural Condition Good Current Zoning Il Development Status Recorded Plat Occupancy Tenant Occupied Possible Financing 1031 ExchangeCashConventional Present Use Zoned CommercialIndustrial/WarehouseRes - Multi-Family Square Foot Source Tax Roll Type Potential Use Industrial/WarehouseMulti-FamilyRetail Utilities 3 Phase PowerSewer - PublicWater - Public

    Listing courtesy of Better Homes & Gardens Real Estate Lifestyles Realty


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-09-20T00:27:52.26.

    Digital Millennium Copyright Act
     
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