Auction-Vacant Office | 23,940 SF 3901 Carmichael Ave
23,940 SF Office Building Jacksonville, FL 32207 For Sale
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INVESTMENT HIGHLIGHTS
- STARTING BID $600,000 | General Office | 23,940 SF | $900K Recent Renovations | AUCTION MARCH 10-12, 2025
- $900,000 in Recent Capital Improvements including New Roof, HVAC, Flooring, Restrooms, and more
- Nearby Medical Centers include Memorial Hospital Jacksonville, Baptist Health Medical Center, and UF Health Shands Hospital
- ±23,940 SF Office Building Located Along Major Retail Corridor in Jacksonville, Florida
- Just Off Intersection with Beach Blvd (17K VPD), I-95 (140K VPD), Commodore Point Expwy (34K VPD)
- Attractive Demographics with 5-mile Population of ±216,570 and Annual Household Income of ±$67,631
EXECUTIVE SUMMARY
Marcus & Millichap is proud to present for sale 3901 Carmichael Avenue in Jacksonville, Florida. This 23,940 square foot office offers a prime opportunity for owner-users and investors looking to secure a well-positioned asset in one of Florida’s fastest-growing markets. This vacant Property is ready for immediate occupancy and is ideally suited for a wide range of uses. This office building has undergone a substantial transformation, with over $900,000 invested in recent renovations. These upgrades include a new roof, advanced HVAC systems with extended warranties, new flooring, refreshed ceilings, and updated restrooms. Each of these elements has been chosen to create a clean, comfortable, and efficient environment tailored to the needs of office tenants. As a medical office facility, the Property is perfectly suited for uses ranging from primary care and specialty practices to counseling services and wellness centers. Additionally, its layout and zoning allow for other uses, such as educational institutions, professional offices, and general office.
3901 Carmichael Avenue’s strategic location further enhances its appeal. Situated near the intersection of Interstate 95 and Beach Boulevard, this Property offers easy access for employees, clients, and visitors throughout Jacksonville and neighboring areas. The Property is close to a variety of amenities, including retailers, restaurants, and services, making it an attractive choice for staff and visitors who appreciate nearby conveniences. In addition, 3901 Carmichael Avenue is also conveniently located near several major healthcare centers, including Memorial Hospital Jacksonville, Baptist Health Medical Center, and UF Health Shands Hospital. This proximity to major healthcare providers can be highly advantageous for businesses that benefit from convenient access to major hospitals. For owner-users and professionals, this location offers a convenient option for clients in surrounding neighborhoods. This local access, paired with Jacksonville’s larger healthcare landscape, makes the building an ideal choice for businesses looking to strengthen their community presence. The Property further benefits from strong demographics with a population of 216,570 residents and an average household income of $67,631 within a 5-mile radius. The population has experienced 4.36% growth from 2020-2024 with 5.42% growth expected to continue through 2029.
3901 Carmichael Avenue’s strategic location further enhances its appeal. Situated near the intersection of Interstate 95 and Beach Boulevard, this Property offers easy access for employees, clients, and visitors throughout Jacksonville and neighboring areas. The Property is close to a variety of amenities, including retailers, restaurants, and services, making it an attractive choice for staff and visitors who appreciate nearby conveniences. In addition, 3901 Carmichael Avenue is also conveniently located near several major healthcare centers, including Memorial Hospital Jacksonville, Baptist Health Medical Center, and UF Health Shands Hospital. This proximity to major healthcare providers can be highly advantageous for businesses that benefit from convenient access to major hospitals. For owner-users and professionals, this location offers a convenient option for clients in surrounding neighborhoods. This local access, paired with Jacksonville’s larger healthcare landscape, makes the building an ideal choice for businesses looking to strengthen their community presence. The Property further benefits from strong demographics with a population of 216,570 residents and an average household income of $67,631 within a 5-mile radius. The population has experienced 4.36% growth from 2020-2024 with 5.42% growth expected to continue through 2029.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
23,940 SF
Building Class
B
Year Built/Renovated
1964/2017
Tenancy
Single
Building Height
1 Story
Typical Floor Size
23,940 SF
Building FAR
0.19
Lot Size
2.82 AC
Zoning
CRO - COMMERCIAL, RESIDENTIAL, AND OFFICE DISTRICT
Parking
100 Spaces (4.38 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Signage
- Reception
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
8,999
74,970
207,519
2024 Population
10,225
79,319
216,570
Population Growth '20-'24
13.6%
5.8%
4.4%
2020 Households
3,826
31,175
86,318
2024 Households
4,344
33,268
90,464
Household Growth '20-'24
13.5%
6.7%
4.8%
Average Age
38
40
39
Median Household Income
$42,184
$46,552
$47,445
Daytime Employees
6,813
89,090
198,757
Total Businesses
1,019
11,105
22,460
College Degree + Higher
21%
25%
26%
NEARBY AMENITIES
HOSPITALS |
|||
|---|---|---|---|
| Memorial Hospital Jacksonville | Acute Care | 4 min drive | 1.9 mi |
| River Point Behavioral Health | Psychiatric | 4 min drive | 1.9 mi |
| Baptist Health Medical Center - Jacksonville | Acute Care | 6 min drive | 2.9 mi |
| Wekiva Springs Hospital | Psychiatric | 9 min drive | 4.6 mi |
| UF Health Shands Hospital Jacksonville | Acute Care | 10 min drive | 5.1 mi |
RESTAURANTS |
|||
|---|---|---|---|
| Bono's Pit Bar-B-Q | - | - | 11 min walk |
| Hamburger Mary's Bar & Grille | Diner | $$$ | 13 min walk |
| Beach Road Chicken Dinners | Chicken | $ | 13 min walk |
RETAIL |
||
|---|---|---|
| USI | Insurance | 11 min walk |
| Speedway | Convenience Market | 13 min walk |
HOTELS |
|
|---|---|
| Hilton Garden Inn |
123 rooms
6 min drive
|
| Hampton by Hilton |
120 rooms
7 min drive
|
| Marriott |
354 rooms
9 min drive
|
| aloft Hotel |
137 rooms
13 min drive
|
| Four Points by Sheraton |
80 rooms
14 min drive
|
| Home2 Suites by Hilton |
104 rooms
16 min drive
|
PROPERTY TAXES
| Parcel Number | 129555-0100 | Improvements Assessment | $2,305,242 |
| Land Assessment | $413,458 | Total Assessment | $2,718,700 |
SALE ADVISORS
SALE ADVISORS
Alex Zylberglait, Executive Managing Director Investments CCIM, SIOR
(786) 522-7056
Contact
Alex Zylberglait is Senior Managing Director Investments in the Miami office of Marcus & Millichap. Over the last 20 years he has been involved in over $1.5 Billion in office, single-tenant net-lease, industrial, land and retail transactions, ranging in value primarily from $1 million to $20 million.
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Michael Crocchiola, Senior Associate
(305) 942-7757
Contact
Michael has more than 16 years of experience in the real estate industry. Michael has extensive knowledge in his product specialty and has earned the respect of his clients by working tirelessly on their behalf. Michael exclusively represents clients throughout the USA with a focus on the South Florida market. Michael began his career as an electrical engineer and spent 17 years assisting with designing and engineering surgical and medical devices. He was an instrumental mentor of his team. In 2019 Michael completed the sale of a high profile 50,000 square foot office portfolio receiving multiple offers, resulting in one of the highest prices achieved in that market in over 10 years. Michael has achieved his success by aligning himself with his clients and thoroughly enjoys strategizing and executing those strategies to achieve the intended outcome.
Adam Sklaver, Senior Vice President Investments
(301) 706-4619
Contact
Adam Sklaver is a Senior Vice President with Marcus & Millichap. He specializes in asset dispositions under $20M through an auction/accelerated marketing format. Prior to joining Marcus & Millichap, Mr. Sklaver helped run CBRE's Auction Group, assisting institutional and non-institutional clients in the sale of over 600 real estate transactions spanning all asset classes.
Philip Kates, Senior Vice President
(305) 206-1286
Contact
Phil Kates is a Senior Vice President with Marcus & Millichap. He specializes in asset dispositions through an auction/accelerated marketing format, including investment sales, vacant product for corporate tenants, and excess land for developers.
Prior to joining Marcus & Millichap, Phil helped run CBRE's Auction Group, assisting institutional and non-institutional sellers as well as brokers in the sale of over 600 real estate transactions spanning all asset classes. For the past 9 years, his auction team has achieved a 95% trade rate, the highest trade rate in the auction industry.
Phil holds a B.S.E. from the University of Michigan in civil and environmental
Prior to joining Marcus & Millichap, Phil helped run CBRE's Auction Group, assisting institutional and non-institutional sellers as well as brokers in the sale of over 600 real estate transactions spanning all asset classes. For the past 9 years, his auction team has achieved a 95% trade rate, the highest trade rate in the auction industry.
Phil holds a B.S.E. from the University of Michigan in civil and environmental
CONTACTS
-
Alex Zylberglait -
Michael Crocchiola -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Marcus & Millichap
