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Collins Road & Ortega Bluff Parkway - Ortega Bluff 2 Acres of Residential Land in Jacksonville, FL 32244
Investment Highlights
- Conveniently located near Interstate 295 with direct regional and interstate connectivity
- Strong drive-by visibility along Collins Road, a well-trafficked arterial route
- Situated within a growing commercial and residential corridor of Southwest Jacksonville
- Positioned within a pro-growth market with steady population and residential expansion
Executive Summary
These units will rent at $1,381 per month through the Jacksonville Housing Authority, making them accessible while still generating strong cash flow. One of the standout features of Live Local Act Developments is the exemption from property taxes on the building, which significantly reduces expenses and increases net operating income.
Jacksonville has a consistent need for affordable and veteran housing, ensuring low vacancy rates and steady occupancy. With a gross potential revenue of almost $1M annually, this property presents a strong return potential.
Additionally, this development qualifies for the Low-Income Housing Tax Credit (LIHTC), and all necessary zoning and unit count approvals are already in place, making it a rare find in the market. Phase 1 ESA completed and clear. Co Broke welcome.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.00 AC |
| Property Type | Land | ||
| Zoning | MF - Multifamily Residential | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.00 AC |
| Zoning | MF - Multifamily Residential |
1 Lot Available
Lot
| Lot Size | 2.00 AC |
| Lot Size | 2.00 AC |
2 Acre, MOL. Wooded Lot.
Description
The parcel identified as APN 099120-0020 is located on Collins Road in Jacksonville, Florida. It is situated near Interstate 295, which encircles the city and provides direct connectivity to major employment and retail centers. The surrounding area includes a mix of residential neighborhoods and commercial developments. The site is in proximity to Oakleaf Plantation and Argyle Forest, as well as shopping centers serving the local community. Jacksonville’s transportation infrastructure includes I-10, I-95, regional highways, and access to the Jacksonville International Airport and JAXPORT facilities.
Property Taxes
| Parcel Number | 099120-0020 | Improvements Assessment | $0 CAD |
| Land Assessment | $337,462 CAD | Total Assessment | $337,462 CAD |
Property Taxes
Presented by
NOI Agency
Collins Road & Ortega Bluff Parkway - Ortega Bluff
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