Retail price: $1,807,250.00
Allotted discounted price: $1,250,000.00 Description:
12.85 acres on Morse Avenue across from GentleWoods Subdivision.
0 Morse Avenue, Jacksonville Florida 32244 Dimensions and overview:
Approximately 1200 feet of road frontage on
Morse Avenue. Front will be considered only forcommercial use based on 175 feet deep by 1200 feetwide. 4.82 acres at retail of $250,000 per acre =$1,205,000
The remaining 8.03 acres for housingdevelopment, townhomes or Apartments at$75,000 per acre total is $602,250.00
Note: The 12.85 acres that adjoin this property can bepurchased for $47,000.00 or less for it is mostlywetlands but if a lake were put in you can drain theentire thing and gain another 1200 feet of commercialroad frontage or 4.82 acres and have 6 or so acres highand dry in the back.
Plus, now you will have lakefront property that will befar more valuable than the land alone without a lake.
Put the two properties together. Rezone residentialrural/ agricultural and put the damn lake in.