129 N MARKET Street
Jacksonville, FL 32202
MLS# 2146519
Property DescriptionPrime 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.
Country: US
Parcel Number: 0734000000
Tax Annual Amount: 10778.26
Tax Year: 2025
Tax Legal Description: 38-2S-26E .12 JACKSONVILLE DOGGETTS MAP LOT 8(EX P
Lot Size Acres: 0.12
Waterfront YN: No
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/Prudential Dr exit toward Main St Bridge/Ocean St
Continue on FL-10 W/US-90. Drive to N Market St
Continue onto FL-10 W/US-90
Turn right onto E Monroe St
Turn right onto N Market St
Destination will be on the left
Public Remarks: 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.
Building Area Total: 10647
List Price/SqFt: 122.1
Accessible Washer/Dryer: 1
Common Area: 1
Management - Full Time: 1
Management - On Site: 1
Lobby: 1
Separate Office Area: 1
Business with Real Estate: 1
Current Price: $1,300,000
List Price: $1,300,000
Status: Active
Listing Contract Date: 2026-05-19
Property Sub Type: Hotel/Motel
Street Number: 129
Street Direction Prefix: N
Street Name: MARKET
Street Suffix: Street
Postal Code: 32202
MLS Area Major: 073-Downtown Jacksonville-Northbank
Major Change Timestamp: 2026-05-21T20:51:49Z
Major Change Type: New Listing
Accessibility Features: Accessible Washer/Dryer; Common Area
Association Amenities: Management - Full Time; Management - On Site
Building Features: Lobby; Separate Office Area
Business Type: Hotel/Motel
Construction Materials: Concrete
Listing Terms: Cash; Conventional; FHA
Parking Features: Off Street; Other
Possession: Close Of Escrow
Road Frontage Type: City Street
Sale Includes: Business with Real Estate
Financials available upon request. Serious inquiries only must be pre approved with evidence (No Creative Financing or Subject - Deal)
Listing Office: THE LEGENDS OF REAL ESTATE
Last Updated: May - 22 - 2026
Information deemed reliable but not guaranteed.
Offer Instructions 
