Metro 1 is proud to present a rare acquisition opportunity at the Phoenix Building, an iconic 32,918± SF historic property located at 2303 Market Street in the Phoenix Arts & Innovation District, Jacksonville, FL. Featuring two floors of Class A creative and industrial space within a meticulously reimagined industrial building, the Phoenix Building offers soaring ceilings, expansive open floor plans, and striking architectural presence. This trophy asset is positioned as the cultural centerpiece of an 8.5-acre mixed-use innovation district, with significant upside potential through value-add repositioning, stabilized lease-up, and capitalization on Jacksonville’s fastest-growing creative corridor. Investment Highlights: • Premium Location: Anchor property within the Phoenix Arts & Innovation District, a nationally-recognized creative ecosystem with walkable access to the Emerald Trail and 830+ residential units planned • Value-Add Opportunity: Stabilized NOI of $736,596 (Year 6) with 8.1% unlevered yield on cost and 13% unlevered IRR • Flexible Asset: 32,918 SF across two floors ideal for members clubs, cultural institutions, destination hospitality, creative office, or mixed-use configurations • Completion Grant: $1,000,000 in grant proceeds supporting tenant improvements and lease-up • Historic Character + Modern Infrastructure: Preserved industrial architecture with upgraded systems, expansive windows, and Class A finishes The Phoenix Building represents a strategic acquisition for investors seeking a flagship creative asset in an emerging market with strong fundamentals, mission-driven development partners, and institutional- quality placemaking. With base rents projected at $18.00-$25.00 PSF and proven demand for authentic industrial space in cultural districts, this property offers both immediate income potential and long- term appreciation within Jacksonville’s most dynamic neighborhood transformation. Immediate opportunity for qualified buyers. Contact Metro 1 for offering memorandum and financial proforma.