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
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. Listing agent must be present for all showings. Contact listing agent for more information and financial info.
More Information MLS# 732274
Contract Information
Current Price: $4,600,000
Sold Price: $4,600,000
Status: Closed
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
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
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
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
Listing Office: WATSON REALTY CORP
Last Updated: December - 18 - 2024
Information deemed reliable but not guaranteed.