1503 OAK Street, Jacksonville, FL, 32204 | $1,200,000

Exceptional 2, 694 SF established medical office building located in the heart of Riverside's bustling 5-Points district. This turnkey opportunity features proven commercial use with flexible zoning, making it ideal for healthcare practitioners or professional services. The thoughtfully designed interior includes a welcoming reception area, private office with attached full bathroom, six versatile exam rooms/offices, large dedicated storage room, electrical/utility room, and two additional ADA compliant bathrooms ensuring accessibility compliance. The property offers the rare advantage of a dedicated 5-car parking lot, which is exceptionally valuable in this high-demand walkable neighborhood. Situated at the coveted 5-Points intersection, tenants and clients enjoy easy access to diverse dining, shopping, and entertainment options while maintaining convenient connectivity to downtown Jacksonville and major transportation corridors. This established location in the high-demand Riverside market presents excellent investment potential. The combination of functional layout, essential parking, and prime location creates a compelling opportunity for medical practices, professional services, or other permitted commercial uses under current zoning. Seller has added a $10, 000 security system featuring CCTV.

Features

  • Property Type: Office
  • Current Use: Commercial, Mixed Use, Office, Recreational
  • Construction: Block, Concrete
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Parking: Off Street, Parking Lot, Secured
  • Heating: Central
  • Cooling: Central Air, Central Building
  • Year Built: 1959
  • Approx Sq. Feet: 2,694
  • Acreage: 0.14
  • Est. Taxes: $8,117
  • Lot Desc: Corner Lot, Historic Area
  • MLS#: 2096449
  • Days on Market: 194 days
  • Website: https://www.raveis.com
    /prop/2096449/1503oakstreet_jacksonville_fl?source=qrflyer
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Listing courtesy of BELLE EPOQUE REALTY SERVICES LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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1503 OAK Street, Jacksonville, FL, 32204

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.241% 6.121% 5.979%
Monthly Tax Payment $676 $676 $676
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,451 $5,756 $7,972
Total Monthly Payment $6,252 $6,557 $8,773

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.