2973 Philips Hwy

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2973 Philips Hwy

Jacksonville, FL 32207
Asking Price
$799K
Asset Type
Office
Class
Class B

What's Special

Located at 2973 Philips Highway, this office property is situated within Jacksonville’s historic St. Nicholas area, just south of the Downtown Southbank district. The site offers direct frontage on a major north-south arterial corridor, providing immediate access to Interstate 95 and nearby Atlantic Boulevard. The surrounding neighborhood features a mix of established retail centers, medical offices, and local dining options. Proximity to the San Marco commercial district provides additional professional services and amenities within a short drive, while the local bus network serves the immediate area. The property’s configuration and central location make it suitable for professional services, administrative back-office operations, or satellite corporate space. Typical tenants for this asset class and location include legal practices, insurance agencies, non-profit organizations, and small-scale medical consultants. The layout generally supports a mix of private offices and collaborative workspaces. Given its accessibility to the regional highway system, the site is well-positioned for businesses requiring a central hub to serve clients across the Greater Jacksonville metropolitan area.

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NOI
$80,000
Cap Rate
10.02%
DSCR
1.69
Strong
Cash-on-Cash
13.60%
Monthly Payment
$3,951.532
Annual Cash Flow
$32,581.618

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