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Palms Hotel 129 N Market St 37 Room Hotel Jacksonville, FL 32202 $1,300,000 ($35,135/Room)
Executive Summary
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)
Financials available upon request. Serious inquiries only must be pre approved with evidence (No Creative Financing or Subject - Deal)
Property Facts
| Price | $1,300,000 | Lot Size | 0.12 AC |
| Price Per Room | $35,135 | Building Size | 10,647 SF |
| Sale Type | Investment | No. Rooms | 37 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1904/1940 |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $1,300,000 |
| Price Per Room | $35,135 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 10,647 SF |
| No. Rooms | 37 |
| No. Stories | 3 |
| Year Built/Renovated | 1904/1940 |
| Zoning | C - Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 37 | $75.00 | - |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 073400-0000 | Improvements Assessment | $465,649 |
| Land Assessment | $115,016 | Total Assessment | $580,665 |
Property Taxes
Parcel Number
073400-0000
Land Assessment
$115,016
Improvements Assessment
$465,649
Total Assessment
$580,665
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Contact the Sale Advisor
Palms Hotel | 129 N Market St