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

648 E UNION Street, Jacksonville, FL

$4,600,000
Property Type: Commercial Sale Square Footage: 366,946 Lot Size (sq. ft.): 339,768 Status: Closed
Current Price: $4,600,000 List Date: 6/28/2018 Last Modified: 12/18/2024

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 ...

Listing Details MLS# 732274

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
Listing Office: WATSON REALTY CORP
Source MLS Verified
Last Updated: December - 18 - 2024
Information deemed reliable but not guaranteed.