550 BALMORAL Circle N, Jacksonville, FL 32218
$2,499,999
Property Type:
Commercial Sale
Square Footage:
12,600
Lot Size (sq. ft.):
94,961
Status:
Active
Current Price:
$2,499,999
List Date:
9/05/2024
Last Modified:
3/31/2025
Description
The Busch Professional Office Pavilion Investment offers a rare opportunity in North Jacksonville's thriving Busch Drive Business Park. This low vacancy office complex features many brand-new 5-year leases across its office suites, ensuring stable and predictable income. Additionally, the property is undergoing a full conversion into office condominiums, further enhancing its long-term value and appeal to investors. This unique offering represents a strategic investment in a high-demand location with significant growth potential.
More Information MLS# 2046001
Contract Information
Current Price: $2,499,999
List Price: $2,499,999
Status: Active
Listing Contract Date: 2024-09-05
Property Sub Type: Office
Location Tax and Legal
Street Number: 550
Street Name: BALMORAL
Street Suffix: Circle
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32218
MLS Area Major: 095-San Mateo/Eastport
General Property Information
Building Area Total: 12600
Building Area Source: Measured
Accessibility Features YN: No
Year Built: 1988
Lot Size Acres: 2.18
Land Lease YN: No
Association YN: No
Waterfront YN: No
Senior Community YN: No
Directions: This location offers easy access to the bustling I-95 highway. Specifically, it is located near the Dunn Avenue and Busch Drive exit, making it highly accessible for commuters and visitors alike.
Public Remarks: The Busch Professional Office Pavilion Investment offers a rare opportunity in North Jacksonville's thriving Busch Drive Business Park. This low vacancy office complex features many brand-new 5-year leases across its office suites, ensuring stable and predictable income. Additionally, the property is undergoing a full conversion into office condominiums, further enhancing its long-term value and appeal to investors. This unique offering represents a strategic investment in a high-demand location with significant growth potential.
List Price/SqFt: 198.41
Status Change Information
Major Change Timestamp: 2025-03-31T15:07:19Z
Major Change Type: Price Change
Price Change Timestamp: 2025-03-31T15:07:19Z
Income and Expenses
Net Operating Income: 188762.4
Property Features
Current Use: Commercial; Investment; Office
Existing Lease Type: NNN
Lot Features: Other
Parking Features: Unassigned
Possession: Negotiable
Sale Includes: Building Only
Utilities: Sewer Available; Water Available
Listing Office: COLDWELL BANKER PREMIER PROPERTIES
Last Updated: March - 31 - 2025
Information deemed reliable but not guaranteed.
