JEA wants to sell the high-profile northwest corner of Atlantic and Southside boulevards known to many as the former Coggin Pontiac auto dealership.
The city utility issued an invitation to bid, seeking quotes for the property purchase at 9201 Atlantic Blvd.
The site carries an appraisal of $4,033,750, which is the minimum offer JEA said it will accept.
JEA says the site is 5.088 acres.
The bid due date is noon June 18. JEA will open the responses at 2 p.m. that day.
Optional site visits are scheduled at 10 a.m. Thursday and Monday and additional visits can be requested.
The property is zoned CCG-2 – commercial community/general-2, which outlines what is allowed or could be permitted by exception.
JEA intends to sell the parcel to one buyer “whose price is the highest and meets or exceeds the reserve price set forth by JEA.”
JEA reserves a utility easement on the property.
Property records show the three buildings on the site, totaling almost 50,000 square feet, were developed in 1969.
A recorded deed shows that JEA bought the property in 2011 for about $3.25 million from C&O Properties Ltd. of Duluth, Georgia.
C&O, part of Asbury Jax Management LLC, acquired the site in 1999 from Harold O'Steen.
JEA bought it for use as a staging area for a water main project.
The sale is part of JEA's strategy to sell surplus property.
That strategy, dated March, is to identify JEA-owned properties with no associated current or anticipated need and to sell or lease it “in order to maximize return.”
It also will continue to acquire properties, easements and rights-of-way to support its operations.
A March presentation shows that four property clusters are under initial consideration and additional ones will be available.
The initial properties, including the Arlington site, have a $45 million sale value, according to JEA.
The four comprise:
• The Arlington site
• The current JEA headquarters at Church, Laura and Ashley streets. JEA intends to lease a new building to be developed Downtown.
• About 250 acres in Cecil Commerce Center and 60 acres of conservation easement at 13601 Normandy Blvd., next to a substation and water treatment plant.
• About 30 acres at the southern section of the Kennedy Generating Station on Talleyrand Avenue.
