Under contract
Active Under Contract
1905 WALNUT Street
Jacksonville FL, 32206
$749,000
$13.32 per sqft
Under contract
Active Under Contract
56,235 sqft
Commercial
Built in 1901
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.
2049303
MLSⓇ ID
September 26, 2024
Listed
November 27, 2024
Updated
Map
1905 WALNUT Street
Jacksonville FL, 32206
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.31 Acres
Lot Features
Corner Lot
Other Property Details
Area Name
072-Springfield
Taxes
$9,834
Tax Frequency
Annually
Days on Market
67
Garage
No
View
No
County
Duval
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/22/2024 | Under contract | — |
Courtesy of GREAT EXPECTATIONS REALTY
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/27/2024 8:02 PM UTC.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northeast Florida Multiple Listing Service (DBA as realMLS) (last updated 11/27/2024 8:02 PM UTC).
Real estate listings held by brokerage firms other than , REALTORS® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
©2024 Northeast Florida MLS, Inc. All rights reserved.
Data last updated 8:02 PM UTC, 11/27/2024