Listing provided courtesy of THE LEGENDS OF REAL ESTATE- MLS# 2146519
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129 N MARKET StreetJacksonville, FL 32202
Commercial · 10,647 Sq. ft. | 0.12 Acres$1,300,000
Active
129 N MARKET Street Overview
- Time on Site:
- 41 days
- Visits:
- 0
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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129 N MARKET Street Facts & Features
- Type Commercial
- Sq. ft. 10,647
- Price/Sq.ft. $122
- Lot 0.12 Acres
Details
General
Association/HOA
- Association Amenities: Management - On Site,Management - Full Time
- Association: Yes
Building Information
- Year Built: 1904
Business Information
- Business Type: Hotel/Motel
- Current Use: Hotel/Motel
Location/Region
- Country: US
- County Or Parish: Duval
- MLS Area Major: 073-Downtown Jacksonville-Northbank
- MLS Area Minor: 073-Downtown Jacksonville-Northbank
Tax Information
- Tax Annual Amount: 10778.26
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 0734000000
- Property Sub Type: Hotel/Motel
- Property Type: Commercial Sale
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Accessibility Features: Accessible Washer/Dryer,Common Area
- Building Features: Lobby,Separate Office Area
- Living Area: 10647.0
Exterior
Parking Information
- Parking Features: Other,Off Street
Lot Information
- Lot Features: Other
- Lot Size Acres: 0.12
- Lot Size Area: 0.12
- Lot Size Square Feet: 5227.2
- Lot Size Units: Acres
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Attached Garage: No
- Construction Materials: Concrete
General Information
- Number Of Units Total: 0
- Road Frontage Type: City Street
- Sewer: Public Sewer
129 N MARKET Street Neighborhood
Community
32202 (JACKSONVILLE) Demographics
38
Median Age
2,378
Population Density (per sq. mile)
26%
College Educated
$35,947
Estimated Median Income
202
Estimated Total Home Owners
2,063
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.129 N MARKET Street Monthly Cost
129 N MARKET Street Market Data
Based on the last 30 days in this zip code
$295,530
Average List Price
$267
Average Price per Square Foot
2
Properties Sold
83
Average Days on Market
26
Properties for Sale
129 N MARKET Street History
| Date | Value | Agent |
|---|---|---|
| 5/21/2026Source: North East Florida MLS | May 21, 2026 |