$749,000
1905 WALNUT ST Jacksonville, FL 32206
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$749,000
Est. payment /mo
56,235 SqFt
UPDATED:
10/22/2024 03:16 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 56,235 sqft
Price per Sqft $13
MLS Listing ID 2049303
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1901
Annual Tax Amount $9,833
Lot Size 2.310 Acres
Acres 2.31
Property Description
Welcome to a unique opportunity in the heart of Springfield, a vibrant and rapidly redeveloping area in the downtown Jacksonville district. This expansive commercial property boasts multiple buildings, offering tremendous potential for various uses under its IL (Industrial Light) zoning.
The centerpiece of this property is the historic Duval Laundry building, a two-story structure featuring iconic early 20th-century architectural style. With a reception area at the front, this building still houses original laundry equipment and provides a spacious industrial space. The rear of the building is equipped with two loading bays and roll-up doors, ideal for a variety of operational needs.
One of the buildings on the lot is currently leased and operating as an auto repair shop, providing immediate income potential. Another building serves as a storage warehouse. Two additional structures on the property are in disarray and require restoration or demolition.
The property offers versatile access points, including rear access from 9th St, and street parking on both Walnut and 9th Streets. While the front of the property along Walnut St. includes a pull-up space and some parking, there is further potential to utilize additional parking on the side lot.
Importantly, both Phase 1 and Phase 2 environmental reports have been completed, with contamination concerns disclosed. The property is ready for the next phase of a Site Assessment Report, which the sellers are working to secure grant funding for. This property may qualify for some of the DEP cleanup programs, but will require the future owner to complete. The sellers will work with potential buyers to educate them on all options including a potential deed restriction to utilize the property only as a commercial site, as well as cleanup options to potentially fully clear the property for potential residential or mixed use in the future.
This property's proximity to downtown and location within Springfield, one of Jacksonville's most up-and-coming districts, makes it ideal for a variety of industrial or mixed-use purposes. Seize this chance to own a piece of Jacksonville's history while investing in the future of the city's thriving business community.
The centerpiece of this property is the historic Duval Laundry building, a two-story structure featuring iconic early 20th-century architectural style. With a reception area at the front, this building still houses original laundry equipment and provides a spacious industrial space. The rear of the building is equipped with two loading bays and roll-up doors, ideal for a variety of operational needs.
One of the buildings on the lot is currently leased and operating as an auto repair shop, providing immediate income potential. Another building serves as a storage warehouse. Two additional structures on the property are in disarray and require restoration or demolition.
The property offers versatile access points, including rear access from 9th St, and street parking on both Walnut and 9th Streets. While the front of the property along Walnut St. includes a pull-up space and some parking, there is further potential to utilize additional parking on the side lot.
Importantly, both Phase 1 and Phase 2 environmental reports have been completed, with contamination concerns disclosed. The property is ready for the next phase of a Site Assessment Report, which the sellers are working to secure grant funding for. This property may qualify for some of the DEP cleanup programs, but will require the future owner to complete. The sellers will work with potential buyers to educate them on all options including a potential deed restriction to utilize the property only as a commercial site, as well as cleanup options to potentially fully clear the property for potential residential or mixed use in the future.
This property's proximity to downtown and location within Springfield, one of Jacksonville's most up-and-coming districts, makes it ideal for a variety of industrial or mixed-use purposes. Seize this chance to own a piece of Jacksonville's history while investing in the future of the city's thriving business community.
Location
State FL
County Duval
Area 072-Springfield
Direction From I-95, take Exit 353D for 8th Street. Once you exit, turn right onto W 8th Street and continue for about half a mile. Turn left onto N Main Street, then drive for around half a mile until you reach E 4th Street. Make a right onto E 4th Street, and after a few blocks, take a left onto Walnut Street. Your destination, 1905 Walnut St, will be on your left.
Exterior
Waterfront No
Private Pool No
Building
Lot Description Corner Lot
Others
Tax ID 0721290000
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Listed by GREAT EXPECTATIONS REALTY
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