Torres Leon Properties LLC Acquires Jacksonville Retail Property For $1.3M

A 4,372-square-foot restaurant space located at 301 East Bay Street in Jacksonville, Florida, has recently been sold for $1.3 million. The buyer, Torres Leon Properties LLC, acquired the property from the seller, 301 E. Bay Street LLC. The building, which was constructed in 1904, was previously occupied by the Olio restaurant concept.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,300,000
• Square Footage: 4,372
• Price per Square Foot: $297
• Address: 301 East Bay Street
• Market: Jacksonville

Torres Leon Properties LLC successfully acquired the 4,372-square-foot restaurant space on East Bay Street in Jacksonville. The transaction involved a purchase price of $1.3 million, with a price per square foot of $297. The buyer purchased the property from the previous owner, 301 E. Bay Street LLC. The building itself has a rich history, as it was constructed in 1904 and was previously occupied by the Olio restaurant concept.