EXECUTIVE SUMMARY

Matthews Real Estate Investment Services™ proudly introduces Third and Main (“The Property”), an exciting mixed-use investment opportunity located in the thriving Springfield submarket within Jacksonville, FL. The Property, built in 2009, consists of 36 thoughtfully planned apartment units and ±7,500 square feet of commercial space and ±3,000 SF available, anchored by Uptown Kitchen and Bar, one of Downtown’s most popular restaurants and bars.

Third and Main features 1-bedroom and 2-bedroom apartments, including select units that offer stunning cityscape views from 2nd and 3rd floor balconies. The Property also features gated parking, an elevator, mail room, fitness room, and the potential to substantially increase rents with minimal capital investment. Third and Main has been immaculately maintained and is in exceptional condition, even having received a fresh coat of paint to the exterior in the last 6 months.
The Property, historically focused on short-term rentals (1-3 months) in collaboration with UF Proton Therapy Institute (±1 mile away), is adapting to the surging demand for marketrate apartments and Airbnb rentals in Downtown Jacksonville. Presently, 13 of the 36 units are dedicated to long-term or Airbnb rentals. UF Health has expressed a willingness to sustain their partnership with the new owner during the unit turnover and leasing process.

Positioned at the entrance of Springfield, Third and Main serves as a welcoming introduction to the surrounding area. Springfield is one of Jacksonville’s first neighborhoods, steeped in rich history and beautiful 19th and early 20th century architecture. The last 10 years have seen the submarket experience an electrifying revitalization, bringing booming retail growth and wealth back into the community. Springfield combines historic charm with popular new dining options, craft breweries, captivating art scenes, and renowned events like PorchFest and Springfield Tour of Homes, which draw thousands of annual visitors and are beloved throughout the city. The area is transforming into one of Jacksonville’s most walkable, bikeable, and vibrant communities.

In addition to its rich history and bustling retail environment, Third and Main residents are within convenient proximity to endless demand drivers. Located just minutes from Downtown Jacksonville and within a 10-minute commute of Riverside, San Marco, Avondale, and Murray Hill, Third and Main provides unparalleled accessibility to the city’s premier business, entertainment, culinary, and cultural hubs. Sports, jobs, entertainment, live events, restaurants/bars, museums, public parks, river walks, shopping, and more are all just around the corner.

Value-add potential, location, city and submarket growth, nearby demand drivers, and a beautifully maintained asset make Third and Main a unique and exciting investment
opportunity.

PROPERTY HIGHLIGHTS

• Dynamic Retail Footprint
• Proximity to Largest Employment Hub Downtown
• Nearby Development
• Connectivty to Premier Submarkets
• Area Overview – Population and Economic Growth