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Executive Summary

Metro 1 is proud to present a rare acquisition opportunity at The Bunker, an iconic 14,078± SF industrial building located at 2402 Market Street in the Phoenix Arts & Innovation District, Jacksonville, FL.
Featuring two floors of bold, bunker-inspired architecture with distinctive character and vertical scale, The Bunker is purpose-built for large-scale hospitality operations. This trophy asset offers the authenticity, capacity, and placemaking potential ideal for established breweries, chef-led hospitality groups, and destination food and beverage operators seeking a flagship venue with serious draw power.
Investment Highlights:
• Nightlife Anchor Positioning: Positioned as the social centerpiece of an emerging arts and entertainment corridor with
citywide destination potential
• Value-Add Opportunity: Stabilized NOI of $402,117 (Year 6) with 8.0% unlevered yield on cost and 12% unlevered IRR
• Hospitality-Ready Asset: 14,078 SF across two floors ideal for brewery production, taproom operations, full-service kitchens, event programming, and live entertainment
• Completion Grant: $21,117 in REV Grant Incentive Income supporting operations and lease-up Industrial Character: Authentic architecture with vertical experience potential, indoor-outdoor capability, and infrastructure for high-volume hospitality operations
The Bunker represents a strategic acquisition for owner-operators or hospitality investors seeking a flagship asset in an emerging creative district with strong fundamentals and cultural momentum. With base rents projected at $25.00-$35.00 PSF for second-generation tenants and proven demand for authentic destination venues, this property offers both immediate income potential and long-term appreciation as Jacksonville’s Phoenix Arts & Innovation District establishes itself as the Eastside’s premier nightlife and cultural hub.
Immediate opportunity for qualified buyers. Contact Metro 1 for offering memorandum and financial proforma.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
C
Year Built
1970
Price
$3,407,760 CAD
Price Per SF
$227.18 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
IL - LIGHT INDUSTRIAL
Parking
15 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
55’ on HUBBARD ST

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 7,500 SF
  • Retail
  • -
  • Now

Distinctive architecture offering strong identity for restaurant or office users seeking a standout location. Flexible interiors accommodating culinary operations, fabrication, distribution, or collaborative office concepts. Adaptable layout supporting diverse business models and long term tenant growth within a revitalizing urban corridor.

  • 2nd Floor
  • 7,500 SF
  • Retail
  • -
  • Now

Distinctive architecture offering strong identity for restaurant or office users seeking a standout location. Flexible interiors accommodating culinary operations, fabrication, distribution, or collaborative office concepts. Adaptable layout supporting diverse business models and long term tenant growth within a revitalizing urban corridor.

Space Size Space Use Position Available
1st Floor 7,500 SF Retail - Now
2nd Floor 7,500 SF Retail - Now

1st Floor

Size
7,500 SF
Space Use
Retail
Position
-
Available
Now

2nd Floor

Size
7,500 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 7,500 SF
Space Use Retail
Position -
Available Now

Distinctive architecture offering strong identity for restaurant or office users seeking a standout location. Flexible interiors accommodating culinary operations, fabrication, distribution, or collaborative office concepts. Adaptable layout supporting diverse business models and long term tenant growth within a revitalizing urban corridor.

2nd Floor

Size 7,500 SF
Space Use Retail
Position -
Available Now

Distinctive architecture offering strong identity for restaurant or office users seeking a standout location. Flexible interiors accommodating culinary operations, fabrication, distribution, or collaborative office concepts. Adaptable layout supporting diverse business models and long term tenant growth within a revitalizing urban corridor.

Nearby Major Retailers

Krystal
VyStar Credit Union
Snap Fitness 24/7

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 044914-0000
  • 044910-0000
  • 044911-0000
  • 044912-0000
Land Assessment
$698,841 CAD
Improvements Assessment
$867,735 CAD
Total Assessment
$1,702,797 CAD
  • Listing ID: 41075336

  • Date on Market: 2026-06-26

  • Last Updated:

  • Address: 2402 N Market St, Jacksonville, FL 32206

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