0 Owens Rd

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0 Owens Rd

Jacksonville, FL 32218
Asking Price
Contact for price
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site spans 4.62 acres in Jacksonville.
  • Property is approved for multifamily apartment construction.
  • Located within a growing North Florida economic hub.
  • Strategic land parcel ready for residential development projects.
  • Features high connectivity to regional infrastructure and transit.

What's Special

This 4.62-acre parcel of land is positioned for residential development in Jacksonville, Florida. The site is zoned and designated for an apartment building, providing a strategic footprint for developers looking to expand their multifamily portfolio in a prominent North Florida market. Jacksonville serves as a major transportation and logistics hub, benefiting from its strategic coastal location and a diverse, growing labor market. With significant connectivity to regional highways and proximity to essential services, the site is well-suited for high-density residential projects aimed at meeting local rental demand. The tract offers sufficient acreage for a mid-to-large-scale apartment community, allowing for efficient site planning and density optimization. Prospective buyers will find this location advantageous due to the area's steady economic growth and ongoing residential expansion. Investors and developers can capitalize on the versatile nature of the plot to deliver modern living spaces within this evolving urban submarket, aligning with the broader development trends currently shaping the region's landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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