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Jax Daily Record Wednesday, May 15, 201905:10 AM EST

'Extremely rare' San Marco Square property for sale

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The two-story, 4,000-square-foot building at 1920 San Marco Blvd. is leased to three law firms.

John J. “Jack” Allen is marketing what he calls a rarity in San Marco – property for sale that fronts the historic San Marco Square shopping district.

“It is an extremely rare occasion when any real estate on San Marco Square is available for purchase," said Allen of Allen Land Group Inc.

The two-story, 4,000-square-foot building at 1920 San Marco Blvd. is leased to three law firms, who have 14 parking spaces on-site.

Property records show it was built in 1937 as a private residence.

Allen said the property is zoned CCG-1, meaning it can be used for a range of retail and commercial uses, such as food service, general retail, cosmetic surgery or wealth management.

“The possibilities are endless,” he said.

The owner is Mark G. Usdin, a lawyer with offices in the building.

Allen said the favorable commercial real estate market “made this an ideal time to market the property.”

He said the future of the law firms' use of the building would be determined by the buyer's intended use of the property.

Allen said desirable features include a prime location on San Marco Square, as well as its location on the "going-home side” of San Marco Boulevard. That brings exposure to the tenants.

“If you are headed home from Downtown to Lakewood, San Jose, Mandarin or even Northwest St. Johns County, you are going to drive right by 1920 San Marco Boulevard,” Allen said.

He did not disclose the property's price or terms, but said those interested can contact him.

Allen said the city’s Property Appraiser site shows just one property changed hands on San Marco Square in the past two years.

In April 2017, internet furniture company Industry West co-founder and CEO Jordan England bought the former Stellers Gallery building with a partner.

They paid $905,000 for the 4,300-square-foot building at 1407 Atlantic Blvd., facing the Square.

Stellers relocated to Philips Highway and has since settled into another space on the Square.

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