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8078 Devoe St

1,368 SF Office Building Jacksonville, FL 32220 £70,186 (£51/SF)

Investment Highlights

  • Heavy daytime traffic
  • Centered location
  • Corner lot

Executive Summary

This commercial office building presents an exciting value-add opportunity for the right investor looking to capitalize on a prime location with significant upside potential.
Location Advantages
The property's strategic location offers excellent accessibility and visibility:
- Situated just off I-10
- 2 miles from I-295
- 8 miles from I-95
This prime positioning near major interstate highways provides convenient access for tenants and visitors, making it an attractive option for businesses seeking a well-connected office space.
Value-Add Potential
As a "diamond in the rough," this property offers substantial value-add opportunities through comprehensive renovation:
Exterior Enhancements:
- Refresh the facade
- Upgrade landscaping
- Improve signage and curb appeal
Interior Renovations:
- Modernize common areas like lobbies and elevators
- Update restrooms and amenities
- Reconfigure floor plans for optimal space utilization
Systems Upgrades:
- Install energy-efficient HVAC and lighting
- Implement smart building technologies
- Enhance internet connectivity and tech infrastructure
Investment Opportunity
For the right investor, this property represents a chance to acquire an undervalued asset in a desirable location and significantly increase its value through strategic improvements. By executing a well-planned renovation, an investor could:
- Attract higher-quality tenants
- Command premium rental rates
- Increase net operating income (NOI)
- Boost the overall property value
The combination of the building's prime location and its need for complete renovation creates an ideal scenario for an experienced commercial real estate investor to apply their expertise and realize substantial returns.
Conclusion
This office building truly embodies the concept of a "real gem" in the commercial real estate market. With its exceptional location and abundant potential for value-add improvements, it offers a unique opportunity for an investor to transform an outdated property into a modern, high-performing asse

Property Facts Under Contract

Sale Type
Investment or Owner User
Sale Condition
Shell & Core
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
1,368 SF
Building Class
F
Year Built/Renovated
1953/2025
Price
£70,186
Price Per SF
£51
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,368 SF
Building FAR
0.26
Lot Size
0.12 AC
Zoning
CCG-2 - Commercial Community General 2
Parking
2 Spaces (1.46 Spaces per 1,000 SF Leased)
  • Listing ID: 33238155

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: 8078 Devoe St, Jacksonville, FL 32220

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