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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 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 75.00 AC |
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 | Lot Size | 75.00 AC |
Price Per AC | $96,000 |
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
Parcel Number | 007485-0000 | Improvements Assessment | $1,008,303 |
Land Assessment | $5,546,750 | Total Assessment | $6,555,053 |
PROPERTY TAXES
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)) |
Presented by
I-10 & I-295
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