For Sale $2,500,000.00 - Building, Commercial, Office, Retail
The Groover Stewart building was originally constructed in 1925 as a 4-story brick and concrete warehouse. The building has approximately 53,000 SF and sits on .63 acres. It is located on the prominent corner of Market and Forsyth Streets in downtown Jacksonville, Florida..
The building was gutted and completely renovated in 1994 and has been well maintained since then as it was the Office of the Public Defender for about 16 years. The electrical systems, HVAC, fire sprinkler system and the restrooms are all in good condition. The perimeter offices have exposed brick walls and large windows. There is parking for 30 cars behind the building but a large parking garage is across the street.
This building is also a prime candidate for multi-family residential conversion and between 45 to 50 units can be developed with some ground floor retail. The roof deck is large and uncluttered with great skyline vistas of downtown and glimpses of the river. Churchwell Lofts is next door and the Berkman Plaza is two blocks away.
The building was put on the National Historic Register in 1995.
