129 N MARKET Street Jacksonville, FL $ 1,300,000
129 N MARKET Street
$ 1,300,000
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129 N MARKET Street

Jacksonville, FL, 32202
$ 1,300,000
Bedrooms-- Baths-- Sq 10,647

Monthly Estimate*

$ 8,004

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Commercial Property for sale in Jacksonville, FL

for $1,300,000. This 10,647 square foot building was built in 1904 on a lot size of 0.12.

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)

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Commercial Active

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 10,778

Style

Hotel/Motel

Lot Size

0.12

Year Built

1904

Town/City

Jacksonville

County/Region

Duval

MLS | Web ID

2146519

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Possession Close Of Escrow
Construction Materials Concrete
Year Built 1904
Property Subtype Hotel/Motel
Tax Year 2025
Current Use Hotel/Motel
Parcel Number 0734000000
Accessibility Accessible Washer/Dryer Common Area
County Duval
New Construction 0 None
Property Type Commercial Sale
Association Amenities Management - On Site Management - Full Time
HOA Y
Attached Garage N
Building Features Lobby Separate Office Area
Status Active
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/Prudentia
City Jacksonville
Senior Community Y/N N
Number Of Units Total 0
MLS Area 073-Downtown Jacksonville-Northbank
Lot Size Units Acres
Lot Size Square Feet 5227.2
Listing Terms Cash Conventional FHA
Land Lease Y/N N
Tax Annual Amount 10778.26
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 073-Downtown Jacksonville-Northbank
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Cash True
Conventional True
Private Pool Y/N None
Water Body Access Y/N None
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Exterior
Parking Features Other Off Street
Lot Features Other
Water Source Public
Lot Size Area 0.12
Spa N
Lot Size Acres 0.12
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 129
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* Excluded Features
List By
The Legends Of Real Estate

Broker

troysellsjax@gmail.com

Email

Affordability Calculator

$8,902
Per Month
90%
10%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$898
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
308105 Elementary School
308138 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$1,300,000 Listed Price

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129 N MARKET Street, Jacksonville, FL, 32202 is a Commercial Property for sale at $1,300,000 with 10,647 sqft and a lot size of 0.12. 129 N MARKET Street was built in 1904. The property's zip code is 32202 which is in Jacksonville, FL