904-493-4495
, Jacksonville, FL for Sale
FOR SALE
1/2
null | Request Cap Rate

San Marco East Development
Jacksonville, FL
Southside


OVERVIEW

COVERED LAND PLAY: The properties are currently operated as manufactured housing communities but have gradually declined in quality over recent years. While they continue to generate nearly $1 million in annual income, their prime location within the revitalizing Philips Highway corridor presents a rare redevelopment opportunity. This area, with its ongoing transformation, is well-positioned for new residential and retail developments to meet the growing demand for modern housing and commercial amenities. MAJOR THOROUGHFARE: The properties boast exceptional visibility, featuring a combined frontage of over 1,300 feet along US-1, which experiences an average daily traffic volume of 21,500 vehicles (AADT). Additionally, they offer excellent accessibility via Emerson Street and University Boulevard, both of which provide direct connections to I-95 within approximately one mile of the site. This prime positioning enhances both exposure and connectivity, making the properties highly desirable for a variety of uses. CONVENIENT INFILL LOCATION: The properties are strategically positioned in a prime infill location along US-1/Philips Hwy, providing excellent accessibility to I-95, downtown Jacksonville, and the thriving Southside submarket. This highly desirable area benefits from strong employment drivers, including a diverse mix of corporate offices, healthcare institutions, and retail hubs. With proximity to major job centers and a well-established transportation network, the location offers exceptional convenience for residents and businesses alike, making it an attractive investment opportunity. THRIVING JACKSONVILLE ECONOMY: Jacksonville was recognized as the second hottest job market in the United States by The Wall Street Journal in 2024, reflecting its strong labor-force participation, job growth, and wage increases. Additionally, Jacksonville’s unemployment rate stood at 3.6% as of November 2024, below the long-term average of 5.39%. These indicators underscore Jacksonville’s robust economic expansion and its appeal to both businesses and residents.

ASK ABOUT THIS PROPERTY

Austin KayNAI HallmarkMore Info
904-493-4495

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

Austin KayNAI HallmarkMore Info
904-493-4495

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