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

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Data last updated 8:02 PM UTC, 11/27/2024

 

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