831 1st St N, Jacksonville Beach, FL 32250 For Sale

Marcus & Millichap is pleased to present the subject property, located at 831 1st St. N Jacksonville Beach, FL. Situated on 0.66 acres, this oceanfront opportunity has a 9,345 SF (heated) two-story structure on the parcel. This property can be utilized in its current state as an upscale restaurant, reconfigured by demising the building for multiple uses/businesses, or redeveloped for multi-family, condominiums, or hospitality use. With JC-1 zoning, the property is entitled to a maximum lot coverage of 85%, building height up to 35 feet, and 50,000 square feet of gross floor area. With approximately 110,000 people within a five-mile radius, the Jacksonville Beach submarket is a very densely populated pocket of Northeast Florida with strenuous demand for commercial and hospitality uses due to heavy residential and tourism population and traffic nearby. Margaritaville has recently joined Jacksonville Beach along with new national retial tenants due to the high real estate demand in North Florida,