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8728 Normandy Blvd - 20 ACRE MULTI-FAMILY APARTMENT SITE 20 Acres of Residential Land Offered at $7,920,000 in Jacksonville, FL 32221
Investment Highlights
- Approved for 396 multifamily units, a dynamic retail center, and two out parcels ideal for a service station, bank, or quick-service restaurant.
- Site is conveniently located 5 minutes from Interstate 295, with quick connectivity to Jacksonville's CBD and other critical markets.
- Jacksonville's Normandy region observes steady demographic growth, ideal for new development and increasing daily traffic to over 20,000 vehicles.
Executive Summary
20-acre site qpproved for 396 multi-family apartments located off Normandy Boulevard on the Westside of Jacksonville. The site is highly visible with approximately 20,000 vehicles traveling along Normandy Boulevard daily. The demographic appeal is robust, with an average household income of $79,180 within a 2-mile radius and an estimated 53,762 households within a 5-mile radius.
Convenient access to Interstate 295 is a 5-minute drive, allowing great connectivity to all the main roads. This prime site enjoys convenient proximity to Normandy Crossing (a busy retail hub anchored by Publix), downtown Jacksonville, and Jacksonville International Airport (JAX) just a 30-minute drive from the property. Due diligence information is readily available upon request.
Convenient access to Interstate 295 is a 5-minute drive, allowing great connectivity to all the main roads. This prime site enjoys convenient proximity to Normandy Crossing (a busy retail hub anchored by Publix), downtown Jacksonville, and Jacksonville International Airport (JAX) just a 30-minute drive from the property. Due diligence information is readily available upon request.
Property Facts
1 Lot Available
Lot
| Price | $7,920,000 | Lot Size | 20.00 AC |
| Price Per AC | $396,000.00 |
| Price | $7,920,000 |
| Price Per AC | $396,000.00 |
| Lot Size | 20.00 AC |
20-acre site approved for 396 multi-family apartments on Normandy Blvd. Site is mostly uplands. All due diligence information is available upon request.
Description
Multi-family apartment site approved for 396 units located on Normandy Blvd. 20 acres mostly uplands.
Property Taxes
| Parcel Numbers | Improvements Assessment | $56,684 | |
| Land Assessment | $4,039,900 | Total Assessment | $4,096,584 |
Property Taxes
Parcel Numbers
Land Assessment
$4,039,900
Improvements Assessment
$56,684
Total Assessment
$4,096,584
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8728 Normandy Blvd - 20 ACRE MULTI-FAMILY APARTMENT SITE
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