129 N Market St - Multi-Family FOR SALE


Jacksonville, FL 32202- Midtown Jacksonville
$1,300,000 USD
904-614-8383
129 N Market St, Jacksonville, FL for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/10
null | Request Cap Rate

129 N Market St
Jacksonville, FL 32202
Midtown Jacksonville


OVERVIEW

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)

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

37

PRICE/UNIT

$35,135

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palms Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

073400-0000

ASK ABOUT THIS PROPERTY

TROY SMITHThe Legends Of Real EstateMore Info
904-614-8383

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TROY SMITHThe Legends Of Real EstateMore Info
904-614-8383

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.