$2,295,000
1221 E 16TH Street, Jacksonville, FL 32206
Eastside
- Price
- $2,295,000
- Beds / Baths
- 2 / 0
- Living area
- 48,736 sqft
- Year built
- 1912
- Type
- MultiFamily
- Lot
- 2.17 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 320
The sale includes plans and entitlements to construct a new storage structure of approximately 120,000 sq.ft. and maximum height of 90ft on the east side of the site in addition to the existing 48,736 sq.ft. brick structure which has already been rezoned PUD. The PUD zoning allows for 144 multi family or condo units, hospitality, educational, medical and commercial. There is additional parking potential on the vacant lot on the corner of Franklin/17th for future ventures. •Located just 2 miles from Jaguars Stadium, this site is strategically positioned in a booming development corridor, where over an estimated $4 billion in new projects are underway. Ideal for condos, a boutique hotel, medical, educational or commercial office space, this historic landmark presents a thrilling opportunity to create a dynamic, high-demand destination. •Projects underway in less than 2 miles away: The Shipyard development which includes a Four Seasons Hotel and Private Residence and luxury office space, Gateway project which spans an estimated 20 blocks and consists of multi-family, retail and additional mixed use, Laura Street Trio (consists of an Autograph Marriot and an upscale restaurant space), Mosh science museum, $1.3 billion renovations to the Jaguar Stadium and much more.
What to check on this one
- Verify PUD zoning entitlements and 144-unit cap; confirm all approvals recorded.
- Obtain flood zone designation and elevation certificate for entire 2.17-acre site.
- Review structural condition of 1912 brick building; get engineering report.
- Confirm 120,000 sq.ft. storage structure plans; verify permitting status and timelines.
- Check title for easements, deed restrictions, or encumbrances affecting development.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $1,836,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of MAXREV, LLC. Data via realMLS (Northeast Florida MLS), updated May 15, 2026, 1:16 AM.
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