1936-1960 Lane Ave S 4,000 SF Specialty Building Offered For Sale in Jacksonville, FL 32210

This offering includes two adjoining parcels totaling approximately 1.24 acres with dual access points: 150 feet of frontage along Lane Avenue South and 75 feet along McMullin Street. The property currently features four concrete block single-family homes, one of which is occupied on a month-to-month lease. The remaining three homes require renovation, presenting an opportunity to stabilize income quickly. Once fully leased, the projected annual income is approximately $48,000, supporting an estimated cap rate near 10 percent.
Zoned CCG-1, the site allows for a wide range of commercial uses, making it suitable for future redevelopment or continued income generation. The location benefits from strong traffic exposure along Lane Avenue and proximity to major Jacksonville corridors, including I-10 and I-295, providing excellent connectivity to downtown Jacksonville, regional business hubs, and residential neighborhoods. This property offers investors flexibility to reposition the asset for commercial use or maintain it as a rental income property with significant upside potential.