Seller prefers a sale however he is open to consider limited seller financing or joint venture/partnership structures.
Located in the heart of Avondale, this prominent historic property offers a rare value-add and redevelopment opportunity just steps from Ascension St. Vincent’s Riverside and the Shoppes of Avondale. The combination of scale, walkability, and established neighborhood demand positions this asset for compelling residential repositioning.
Originally constructed as a hospital and later operated as an assisted living facility, the building spans two stories above a full basement and includes 27 bedrooms and 9 bathrooms. Existing infrastructure features elevator access, a sprinkler system, generous common areas, and a former commercial kitchen space with a walk-in cooler — providing a strong foundation for reconfiguration.
Zoned RMD-D (Residential Medium Density-D), the property allows for a variety of residential uses. Preliminary discussions with the City have already been initiated regarding a potential multi-family conversion in the range of approximately 8-17 units, subject to City of Jacksonville approvals. A zoning exception or related entitlement process may be required depending on the final scope and design. In addition to multi-family, permitted, and exception uses, may include housing for the elderly, foster care facilities, residential treatment facilities, bed and breakfasts, churches, and group care homes.
This is a substantial infill opportunity in one of Jacksonville’s most desirable historic districts — ideal for an investor or developer seeking scale, location, and flexibility with multiple potential exit strategies.