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I-10 & I-295

75 Acres of Residential Land Offered at $7,200,000 in Jacksonville, FL 32205

Investment Highlights

  • Utilities to site, entitlements in place
  • Pre-development work almost complete

Property Facts

Price $7,200,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 75.00 AC

1 Lot Available

Lot 1

Price $7,200,000
Price Per AC $96,000
Lot Size 75.00 AC

Located at the SE quadrant of I-10 and I-295 this highly strategic parcel includes approximately 38 acres zoned multifamily residential, balance is conservation land. It may be possible to rezone this the 38 ac to INDUSTRIAL

Description

Nestled at the intersection of I-10 and I-295 and with easy access in all directions thanks to easy interstate access and the nearby Lane Avenue South and Normandy Boulevard, this 72 acre land parcel is planned for over 400 residential units. Downtown Jacksonville is approximately fifteen minutes to the east, with major employers within a five mile radius. The property consists of three parts. The northern 34.48 acres is zoned Medium Density Residential (RMD-D), which allows up to 20 units per acre. An additional 3.5 acre commercial parcel immediately adjacent and to the north would be included. It may be possible to rezone this combined 38 acre land to Industrial. The remainder is a beautiful conservation zone (CSV) of mature forest lands, an amenity to the development as a whole. The parcel has undergone a very significant amount of pre-development work including civil drawings, surveys, approvals, and more. As such additional work and study will be very limited. A full report and package of existing work will be available upon Buyer’s request. Full site permitting should be achievable within 2-3 months with construction to start immediately. As such the Seller will not be granting a lengthy due diligence or study period. Water, sewer, and other utilities are already at the site.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
007485-0000
Land Assessment
$5,546,750
Improvements Assessment
$1,008,303
Total Assessment
$6,555,053

zoning

Zoning Code RMD-D/CSV (It may be possible to rezone this to an Industrial zoning (not Conservation land))
RMD-D/CSV (It may be possible to rezone this to an Industrial zoning (not Conservation land))
  • Listing ID: 27535998

  • Date on Market: 1/18/2023

  • Last Updated:

  • Address: I-10 & I-295, Jacksonville, FL 32205

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