129 N MARKET Street, Jacksonville, Florida, United States, 32202

1,100,000
Pending
5,227.2

About the property:

Prime investment opportunity in the heart of Downtown Jacksonville! The Palms Hotel is a 3-story income-producing commercial property positioned in a high-visibility, high-demand location with strong cash flow potential. This established asset offers immediate income with upside for increased revenue through operational improvements, repositioning, or redevelopment opportunities. Strategically located near Jacksonville's business district, entertainment venues, dining, and major transportation corridors, this property benefits from consistent traffic and strong area growth. The building features multiple guest accommodations, on-site amenities, and excellent accessibility, making it ideal for investors seeking stable income in a growing urban market. With Downtown Jacksonville continuing to expand through redevelopment and economic growth, this property presents an exceptional opportunity for hospitality investors, owner-operators or portfolio expansion. Financials available upon request. Serious inquiries only must be pre approved with evidence (No Creative Financing or Subject - Deal)
Property Type:
Hotel/Motel
Status:
Pending
House Style:
Other
Acres:
0.12
Area:
073-Downtown Jacksonville-Northbank
Heating Type:
0
Directions:
Take I-95 N to FL-10 W/US-90. Take the FL-10/US-1/Prudential Dr exit from Interstate 95 Service Rd Use the right lane to merge onto FL-202 W Use the right 2 lanes to take the FL-10/US-1/Prudential Dr exit toward Main St Bridge/Ocean St Continue on FL
Is Business:
Yes
Is Building:
Yes
Is Entertainment:
Yes
Is Hotel:
Yes
Is Hospitality:
Yes
Is Investment:
Yes
Is Multiple:
Yes
Is Market:
Yes
Is Other:
Yes
Is Transportation:
Yes
Annual Property Taxes:
10,778.26
Listing ID:
2146519

Rooms

Dimensions

Brokered by:
The Legends Of Real Estate
Presented By:

Diane Rukab

REALTORS®

The Legends of Real Estate