648 E UNION Street, Jacksonville, FL (MLS# 732274)

Overview

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%.

Supplements: Property is perfect for light industrial, mechanical, retail, distribution, warehouse, microbrewery, athletic/cultural/arts center, office, multi-family conversion, or any number of potential special uses. Land is zoned CRO according to tax records. Sellers say to bring all offers! Confidentiality agreement is required before showing property. List ... (Read more)

General Property Information

Number Of Units Total: 64
Building Area Total: 366946
Building Area Source: Plans
Year Built: 1913
Lot Size Acres: 7.8
Water Body Access YN: No
Waterfront YN: No
Stories Total: 4
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%.
List Price/SqFt: 12.81
Sold Price/SqFt: 12.54

Property Features

Building Features: Columns; Elevator; Fenced; Outside Storage Business Type: Business Park; Construction/Contractor; Professional/Office Construction Materials: Brick; Frame Cooling: Window Unit(s) Current Use: Commercial; Hotel/Motel; Industrial; Investment; Multi-Family; Office; Recreational; Retail; Other Existing Lease Type: Net Fencing: Chain Link Flooring: Concrete Heating: Central; Electric; Separate Meters Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available Lot Features: Historic Area; Other Operating Expense Includes: Accounting; Insurance; Legal; Licenses; Maintenance; New Tax; Supplies Owner Pays: Exterior Maintenance; Insurance; Roof Maintenance; Taxes Parking Features: Attached; On Street; Secured; Unassigned; Other Possession: Subject To Tenant Rights Security Features: Security Lights Sewer: Public Sewer Tenant Pays: All Utilities; Janitorial Service Utilities: Cable Available; Separate Electric Meters; Other Water Source: Public Waterfront Features: Creek

Contract Information

Listing Contract Date: 2014-08-13
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 648
Street Direction Prefix: E
Street Name: UNION
Street Suffix: Street
County: Duval
State: FL
MLS Area Major: 072-Springfield

Status Change Information

Major Change Timestamp: 2023-11-20T12:59:19Z
Major Change Type: Price Reduced
Price Change Timestamp: 2017-03-28T17:13:55Z
Purchase Contract Date: 2018-07-30
Close Date: 2018-12-12
Close Price: 4600000

Historical Information

Public Historical Remarks 1: Road Surface: Concrete Road, Lot Location-Downtown: Y, Historic Building: Y, Loading Truck Level: Y, Multi-Tenant: Y, HVAC-Office: Y, Lot Description-Water Access: Y, Tenant Expenses-Signage: Y, Approx. Total SqFt: 330822.00, Number of Units: 51 - 75 Units, Column Spacing: 9 - 20 Feet
Public Historical Remarks 2: Lot Location-Urban/City: Y, Occupancy Rate: 95, Fenced Partial: Y, Number of Buildings: 7+ Bldgs, Ceiling Height: 10' - 12' Ceilings,12' - 14' Ceilings
Public Historical Remarks 3: Current Zoning: CRO

More Information

Location, Tax, and Legal

Parcel Number: 1220920000
Additional Parcels YN: Yes

Construction Materials

Brick: Yes
Frame: Yes

Cooling

Window Unit(s): Yes

Current Use

Commercial: Yes
Hotel/Motel: Yes
Industrial: Yes
Investment: Yes
Multi-Family: Yes
Office: Yes
Recreational: Yes
Retail: Yes
Other: Yes

Fencing

Chain Link: Yes

Flooring

Concrete: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes
Private Financing Available: Yes

Lot Features

Historic Area: Yes
Other: Yes

Owner Pays

Exterior Maintenance: Yes
Insurance: Yes
Roof Maintenance: Yes
Taxes: Yes

Parking Features

Attached: Yes
On Street: Yes
Secured: Yes
Unassigned: Yes
Other: Yes

Possession

Subject To Tenant Rights: Yes

Security Features

Security Lights: Yes

Sewer

Public Sewer: Yes

Tenant Pays

All Utilities: Yes
Janitorial Service: Yes

Utilities

Cable Available: Yes
Separate Electric Meters: Yes
Other: Yes

Water Source

Public: Yes

Building Features

Columns: Yes
Elevator: Yes
Fenced: Yes
Outside Storage: Yes

Business Type

Business Park: Yes
Construction/Contractor: Yes
Professional/Office: Yes

Existing Lease Type

Net: Yes

Operating Expense Includes

Accounting: Yes
Insurance: Yes
Legal: Yes
Licenses: Yes
Maintenance: Yes
New Tax: Yes
Supplies: Yes

Waterfront Features

Creek: Yes