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Active

129 N MARKET Street, Jacksonville, FL 32202

$1,300,000
MLS# 2146519
0
Bedrooms
0
Bathrooms
10,647
Sq Ft
1904
Year Built

About This Home — 129 N MARKET Street

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.

Features

Price$1,300,000
Price / Sq Ft$122
Bedrooms0
Bathrooms0.00
Full Baths0
Square Footage10,647
Acres0.12 acres
Year Built1904
TypeCommercial Sale
Sub-TypeHotel/Motel
StatusActive
Has PoolNo
Is WaterfrontNo

Community Information

Address129 N MARKET Street, Jacksonville, FL 32202
Area073-Downtown Jacksonville-Northbank
CityJacksonville
CountyDuval
StateFL
Zip Code32202
Lot Size5,227.2 sq ft
Parcel Number0734000000

Amenities

AmenitiesManagement - On Site, Management - Full Time
SewerPublic Sewer
Water SourcePublic
ParkingOther, Off Street

Interior

HeatingCentral
CoolingCentral Air

Exterior

Lot DescriptionOther
ConstructionConcrete
Road FrontageCity Street

Additional Information

Date ListedMay 21, 2026
Days on Market11
Tax Amount$10,778.26
Tax Year2025
Listing TermsCash, Conventional

Mortgage Calculator

$1,300,000
$260,000
Loan Term
Monthly Payment
$6,919
Principal & Interest: $6,919
Est. Taxes & Insurance: $1,730
Estimated Total Monthly
$8,649
*Estimates based on 30-year loan at 7% APR. Actual payments may vary.

Listing Courtesy of: THE LEGENDS OF REAL ESTATE

Information deemed reliable but not guaranteed. Data provided by realMLS (Northeast Florida MLS).

Your Local Expert

Krista Fracke - Broker Associate

Krista Fracke

Broker Associate

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20+ years · 500+ closings · NE Florida