8078 Devoe St - Loft/Creative Space FOR SALE


Jacksonville, FL 32220
$89,700 USD
904-477-1017
8078 Devoe St, Jacksonville, FL for Sale
$89,700 USD
Loft/Creative Space - FOR SALE
1/12
null | Request Cap Rate

8078 Devoe St
Jacksonville, FL 32220


HIGHLIGHTS

  • Heavy daytime traffic
  • Corner lot
  • Centered location

OVERVIEW

This commercial office building presents an exciting value-add opportunity for the right investor looking to capitalize on a prime location with significant upside potential. Location Advantages The property's strategic location offers excellent accessibility and visibility: - Situated just off I-10 - 2 miles from I-295 - 8 miles from I-95 This prime positioning near major interstate highways provides convenient access for tenants and visitors, making it an attractive option for businesses seeking a well-connected office space. Value-Add Potential As a "diamond in the rough," this property offers substantial value-add opportunities through comprehensive renovation: Exterior Enhancements: - Refresh the facade - Upgrade landscaping - Improve signage and curb appeal Interior Renovations: - Modernize common areas like lobbies and elevators - Update restrooms and amenities - Reconfigure floor plans for optimal space utilization Systems Upgrades: - Install energy-efficient HVAC and lighting - Implement smart building technologies - Enhance internet connectivity and tech infrastructure Investment Opportunity For the right investor, this property represents a chance to acquire an undervalued asset in a desirable location and significantly increase its value through strategic improvements. By executing a well-planned renovation, an investor could: - Attract higher-quality tenants - Command premium rental rates - Increase net operating income (NOI) - Boost the overall property value The combination of the building's prime location and its need for complete renovation creates an ideal scenario for an experienced commercial real estate investor to apply their expertise and realize substantial returns. Conclusion This office building truly embodies the concept of a "real gem" in the commercial real estate market. With its exceptional location and abundant potential for value-add improvements, it offers a unique opportunity for an investor to transform an outdated property into a modern, high-performing asse

FOR SALE DETAILS

PRICE

$89,700 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

F

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,262 SF

ZONING

CCG-2

APN/PARCEL ID

005893-0000

ASK ABOUT THIS PROPERTY

Stephen NebratLandmark Commercial Realty GroupMore Info
904-477-1017

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Stephen NebratLandmark Commercial Realty GroupMore Info
904-477-1017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.