3901 Carmichael Ave
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3901 Carmichael Ave
23,940 SF Office Building Jacksonville, FL 32207 £2,743,543 (£115/SF) 9.59% Net Initial Yield
Virtual Tour
Investment Highlights
- Seller Financing Available
- RenRenovated in 2018, occupants benefit from over $900,000 in upgrades, including a new roof, HVAC systems, flooring, ceilings, and restrooms.
- Nearby medical centers include Memorial Hospital Jacksonville, Baptist Health Medical Center, and UF Health Shands Hospital.
- Available for sale or lease, 3901 Carmichael Avenue offers 23,940 square feet of prime mixed-use space ideal for office, medical, or educational use.
- 3901 Carmichael Avenue can be leased fully furnished with ample desks, chairs, tables, and other equipment already in place.
- Enjoy proximity to Interstate 95 and Beach Boulevard, offering access to various retailers, restaurants, services, and communities.
Executive Summary
An exceptional multi-use office/medical facility is available at 3901 Carmichael Avenue in Jacksonville for sale to discerning businesses or for lease for companies seeking prime space to start or expand their enterprise. Recently renovated with over $900,000 invested in upgrades, this property boasts a brand-new roof, state-of-the-art HVAC units (complete with extended warranties), fresh flooring, updated ceilings, and modernized restrooms.
3901 Carmichael Avenue is ideally suited for office, medical, and counseling services or can be used as a school or other educational institute. Multiple on-site entrances ensure convenient accessibility, and the property can be leased fully furnished, including an ample supply of chairs, desks, and tables as needed. Moreover, security is a priority, with a fully fenced perimeter providing peace of mind for ownership and occupants.
Located next to The Preserve at St. Nicholas Condominiums and various other residential neighborhoods, the facility is just minutes from the intersection of Carmichael Avenue and Beach Boulevard/US Highway 90, offering swift access to a wide range of retailers, restaurants, and services. The region has experienced a 13.6% population growth from 2010 to 2023, highlighting its thriving community and continued future growth. 3901 Carmichael Avenue is a convenient 10-minute drive from five major medical systems, including Memorial Hospital Jacksonville and two Ascension St. Vincent’s centers.
With its proximity to Interstate 95 and 30 minutes from Jacksonville International Airport (JAX), 3901 Carmichael Avenue provides seamless access to Downtown Jacksonville and the surrounding region, making it an ideal choice for businesses seeking unparalleled access and connectivity. The motivated seller is willing to consider all reasonable offers.
3901 Carmichael Avenue is ideally suited for office, medical, and counseling services or can be used as a school or other educational institute. Multiple on-site entrances ensure convenient accessibility, and the property can be leased fully furnished, including an ample supply of chairs, desks, and tables as needed. Moreover, security is a priority, with a fully fenced perimeter providing peace of mind for ownership and occupants.
Located next to The Preserve at St. Nicholas Condominiums and various other residential neighborhoods, the facility is just minutes from the intersection of Carmichael Avenue and Beach Boulevard/US Highway 90, offering swift access to a wide range of retailers, restaurants, and services. The region has experienced a 13.6% population growth from 2010 to 2023, highlighting its thriving community and continued future growth. 3901 Carmichael Avenue is a convenient 10-minute drive from five major medical systems, including Memorial Hospital Jacksonville and two Ascension St. Vincent’s centers.
With its proximity to Interstate 95 and 30 minutes from Jacksonville International Airport (JAX), 3901 Carmichael Avenue provides seamless access to Downtown Jacksonville and the surrounding region, making it an ideal choice for businesses seeking unparalleled access and connectivity. The motivated seller is willing to consider all reasonable offers.
Sale Flyer
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Office
Property Subtype
Medical
Building Size
23,940 SF
Building Class
B
Year Built/Renovated
1964/2017
Price
£2,743,543
Price Per SF
£115
Net Initial Yield
9.59%
NOI
£263,098
Tenancy
Single
Number of Floors
1
Typical Floor Size
23,940 SF
Building FAR
0.19
Land Acres
2.82 AC
Zoning
CRO - COMMERCIAL, RESIDENTIAL, AND OFFICE DISTRICT
Parking
100 Spaces (4.38 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Signage
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suited for office, medical, counseling services, and school or other educational institute uses, this 23,940-square-foot property offers a brand-new roof, state-of-the-art HVAC units (with extended warranties), fresh flooring, updated ceilings, and modernized restrooms.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 23,940 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 23,940 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Floor
| Size | 23,940 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suited for office, medical, counseling services, and school or other educational institute uses, this 23,940-square-foot property offers a brand-new roof, state-of-the-art HVAC units (with extended warranties), fresh flooring, updated ceilings, and modernized restrooms.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
8,999
74,970
207,519
2024 Population
10,225
79,319
216,570
Population Growth '20-'24
13.6%
5.8%
4.4%
2020 Households
3,826
31,175
86,318
2024 Households
4,344
33,268
90,464
Household Growth '20-'24
13.5%
6.7%
4.8%
Average Age
38
40
39
Median Household Income
$42,184
$46,552
$47,445
Daytime Employees
6,813
89,090
198,757
Total Businesses
1,019
11,105
22,460
College Degree + Higher
21%
25%
26%
$ values in USD
Nearby Amenities
Hospitals |
|||
|---|---|---|---|
| Memorial Hospital Jacksonville | Acute Care | 4 min drive | 1.9 mi |
| Baptist Health Medical Center - Jacksonville | Acute Care | 6 min drive | 2.9 mi |
| UF Health Shands Hospital Jacksonville | Acute Care | 10 min drive | 5.1 mi |
| Ascension St. Vincent's Riverside | Acute Care | 11 min drive | 5.2 mi |
| Ascension St. Vincent's Southside | Acute Care | 10 min drive | 6.2 mi |
Restaurants |
|||
|---|---|---|---|
| Bono's Pit Bar-B-Q | - | - | 11 min walk |
| Hamburger Mary's Bar & Grille | Diner | £££ | 13 min walk |
| Beach Road Chicken Dinners | Chicken | £ | 13 min walk |
Retail |
||
|---|---|---|
| USI | Insurance | 11 min walk |
| Speedway | Convenience Market | 13 min walk |
Hotels |
|
|---|---|
| Hilton Garden Inn |
123 rooms
6 min drive
|
| Hampton by Hilton |
118 rooms
7 min drive
|
| Marriott |
354 rooms
9 min drive
|
| aloft Hotel |
137 rooms
13 min drive
|
| Four Points by Sheraton |
80 rooms
14 min drive
|
| Home2 Suites by Hilton |
104 rooms
16 min drive
|
PROPERTY TAXES
| Parcel Number | 129555-0100 | Improvements Assessment | £1,771,860 |
| Land Assessment | £308,680 | Total Assessment | £2,080,540 |
PROPERTY TAXES
Parcel Number
129555-0100
Land Assessment
£308,680
Improvements Assessment
£1,771,860
Total Assessment
£2,080,540
Sale Advisors
Sale Advisors
Alex Zylberglait, Executive Managing Director Investments CCIM, SIOR
(786) 522-7056
Contact
Alex Zylberglait is Senior Managing Director Investments in the Miami office of Marcus & Millichap. Over the last 20 years he has been involved in over $1.5 Billion in office, single-tenant net-lease, industrial, land and retail transactions, ranging in value primarily from $1 million to $20 million.
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Michael Crocchiola, Senior Associate
(786) 522-7005
Contact
Michael has more than 16 years of experience in the real estate industry. Michael has extensive knowledge in his product specialty and has earned the respect of his clients by working tirelessly on their behalf. Michael exclusively represents clients throughout the USA with a focus on the South Florida market. Michael began his career as an electrical engineer and spent 17 years assisting with designing and engineering surgical and medical devices. He was an instrumental mentor of his team. In 2019 Michael completed the sale of a high profile 50,000 square foot office portfolio receiving multiple offers, resulting in one of the highest prices achieved in that market in over 10 years. Michael has achieved his success by aligning himself with his clients and thoroughly enjoys strategizing and executing those strategies to achieve the intended outcome.
-
Alex Zylberglait -
Michael Crocchiola -
Marcus & Millichap
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3901 Carmichael Ave
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