6856 St Augustine Rd 3,632 SF Health Care Building Offered at $750,000 in Jacksonville, FL 32217

Marcus & Millichap is pleased to present the opportunity to acquire 6856 St. Augustine Road, a value- add Healthcare Residential Redevelopment opportunity in Jacksonville, FL. The property is located just south of the intersection of University Boulevard and St. Augustine Road within the San Marco / San Jose corridor.
The property is currently undergoing renovation and is vacant, offering a new operator the ability to complete improvements and execute a full lease-up stabilization. The asset consists of a 3,600 square-foot, two-story concrete building situated on an 11,326 –square foot corner lot with direct frontage along St. Augustine Road. The facility is configured for 14 licensed beds across 8 resident rooms, including 6 double-occupancy rooms (12 Beds) and 2 private rooms (2 Beds). The layout includes a commercial kitchen, community living area, and sunroom. The second floor provides two staff quarters, an additional kitchen, and office space. The layout and common areas provide a viable opportunity to include adult day care services, creating an additional revenue stream.
Constructed in 1958 and renovated in 1975, the property is currently undergoing comprehensive renovation. The building features a concrete slab foundation, Masonry block construction with Stucco exterior, and a wood truss roof with asphalt / composite shingles. HVAC will be centralized and a wet sprinkler fire suppression system. Asphalt surface parking is provided for 18 spaces. Supporting both resident use and adult day care operations. The site is zoned CRO (Commercial / Residential /Office), a flexible mixed –use designation that supports medical and service-oriented uses with strong visibility.
The proposed payor mix includes 2 Medicaid beds, with the remaining position for private pay, VA assistance, and /or insurance reimbursement. Based on market comparables, projected average monthly rate is approximately $4,500 per double-occupied bed and $6,000 per private room.
Value creation is driven by completing renovation, obtaining AHCA licensure, stabilizing occupancy and leveraging supplemental income through adult day care operations. There is also a real need to implement Medicaid programs in this area.