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
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