2050 FORBES Street, Jacksonville, FL, 32204 | $444,900

PRIME HISTORIC RIVERSIDE OPPORTUNITY - LIVE, WORK, OR INVEST IN THE HEART OF FIVE POINTS.
Welcome to 2050 Forbes Street, a rare and versatile property located in the highly sought-after Historic Riverside neighborhood--just steps from the vibrant Five Points district. Walk to some of Jacksonville's most exciting restaurants, coffee shops, breweries, boutiques, parks, and entertainment. This is one of the city's most walkable and desirable areas, where charm, culture, and community meet.
Currently configured as a professional office, this property offers exceptional flexibility. Whether you are a business owner looking for your own headquarters, an investor seeking income potential, or a buyer ready to convert it back into a stunning single-family residence, the possibilities are wide open.
Zoned RMD-B (Residential Medium Density), the property allows for residential, professional office, and various mixed-use opportunities (buyer to verify permitted uses with the City of Jacksonville). 2050 Forbes Street represents a strategic opportunity in the Historic Riverside overlay district, located moments from Five Points and minutes to Downtown Jacksonville, Avondale, St. Vincent's Medical Center, and major corridors. RMD-B zoning supports residential medium-density uses and certain professional office uses. This creates strong long-term value due to its adaptability. Buyers can consider: " Conversion to a charming single-family residence " Potential duplex or income-producing configuration (subject to city approval) " Live/work setup " Boutique law firm, accounting office, marketing agency, design studio, therapy practice " Creative co-working concept " Long-term hold with rental income The structure already includes plumbing for two full bathrooms, defined rooms for bedrooms or offices, and flexible common areas. The conference room could easily convert into a primary suite or additional bedrooms. The reception space could transform into a living room. With thoughtful renovation, this property could become a stunning Riverside home blending historic charm with modern finishes. For investors, the Five Points/Riverside submarket continues to demonstrate strong demand for walkable residential and boutique commercial spaces. Parking is a premium in this area, and this property provides valuable off-street and covered parking--an uncommon advantage. The surrounding area supports high-quality redevelopment, renovation, and value-add opportunities. Buyers seeking appreciation potential will recognize the strength of this micro-location. Key Highlights: " Located in Historic Riverside near Five Points " Walkable lifestyle location " Flexible RMD-B zoning " Multiple income or conversion pathways " Strong neighborhood demand " Motivated seller This is not just a building--it's a strategic opportunity in one of Jacksonville's most established and character-rich districts. Serious inquiries only. Seller is ready to review offers.

Features

  • Property Type: Office
  • Current Use: Office
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Parking: Additional Parking, Carport
  • Heating: Central
  • Cooling: Central Air
  • Year Built: 1917
  • Approx Sq. Feet: 1,962
  • Acreage: 0.13
  • Est. Taxes: $5,772
  • Lot Desc: Other
  • MLS#: 2131227
  • Days on Market: 102 days
  • Website: https://www.raveis.com
    /prop/2131227/2050forbesstreet_jacksonville_fl?source=qrflyer
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Listing courtesy of VIT HOMES REALTY 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

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2050 FORBES Street, Jacksonville, FL, 32204

$444,900

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $355,920 $355,920 $355,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.324% 6.524% 5.846%
Monthly Tax Payment $481 $481 $481
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,105 $2,220 $2,932
Total Monthly Payment $2,661 $2,776 $3,488

* 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.