Kari Sullivan
REALTOR® | Luxury Property Specialist
129 N MARKET Street, Jacksonville, FL 32202
$1,300,000
$122/sq ft
Active
Pool Home
About This Home
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.
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.
Location
Features & Amenities
Exterior Features
- Pool
- Other
- Other
- Off Street
Property Details
Property Type:
Hotel/Motel
Year Built:
1904
Lot Size:
0.12 Acres (5,227 sq ft)
Property Tax (2025):
$10,778/year
MLS #:
2146519
