Investor Justin Ashourian bought an Ocean Street warehouse in Springfield and is marketing the city block for lease.
The building formerly housed NatureForm, a hatchery technology company that moved to North Jacksonville.
Ashourian paid $615,000 for the 29,000-square-foot building at 925 Ocean St., which fronts northeast State and Ocean streets.
The 1.58-acre block comprises the warehouse, built in 1950, and several small structures.
“I really like the real estate. It's a full city block,” Ashourian said April 8. The site is at Ocean, State, Newnan and Orange streets.
He said it is positioned well for a distillery or brewery.
“We are open to any kind of uses,” he said, noting that the block has an enclosed parking area like a courtyard.
“We are opportunistic and the building is available,” he said.
Through 925 Ocean LLC, he bought the property from Park Properties Inc., according to a deed recorded April 7 with the Duval County Clerk of Courts.
Ashourian said he closed on the purchase April 3.
LoopNet.com promotes the property as a 29,000-square-foot warehouse, distribution, manufacturing center “at the gates to Springfield.”
It offers natural light, a loading dock, a drive-in bay and a reception area.
It says property highlights are heavy daytime traffic, exposed brick walls, available building signage and “tremendous visibility.”
Ashourian said the building has wide column spacing and “great exposure to State Street, which was attractive to us.”