129 N MARKET Street, Jacksonville, FL 32202
$1,300,000
Property Type:
Commercial Sale
Square Footage:
10,647
Lot Size (sq. ft.):
5,227
Status:
Pending
Current Price:
$1,300,000
List Date:
5/21/2026
Last Modified:
7/16/2026
Overview
Description
Supplements:
Listing Details MLS# 2146519
General Property Information
- Building Area Total
- 10647
- Year Built
- 1904
- 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.
- List Price/SqFt
- 122.1
Property Features
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
Cooling:
Central Air
Current Use:
Hotel/Motel
Heating:
Central
Listing Terms:
Cash; Conventional
Lot Features:
Other
Parking Features:
Off Street; Other
Possession:
Close Of Escrow
Road Frontage Type:
City Street
Sale Includes:
Business with Real Estate
Sewer:
Public Sewer
Water Source:
Public
Contract Information
- Listing Contract Date
- 2026-05-19
- Property Sub Type
- Hotel/Motel
Location Tax and Legal
- Street Number
- 129
- Street Direction Prefix
- N
- Street Name
- MARKET
- Street Suffix
- Street
- County
- Duval
- State
- FL
- Postal Code
- 32202
- MLS Area Major
- 073-Downtown Jacksonville-Northbank
Status Change Information
- Major Change Timestamp
- 2026-07-16T18:24:04Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2026-07-16
Location, Tax, and Legal
- 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
More Information
Accessibility Features
- Accessible Washer/Dryer
- Yes
- Common Area
- Yes
Association Amenities
- Management - Full Time
- Yes
- Management - On Site
- Yes
Construction Materials
- Concrete
- Yes
Cooling
- Central Air
- Yes
Current Use
- Hotel/Motel
- Yes
Heating
- Central
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Other
- Yes
Parking Features
- Off Street
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Building Features
- Lobby
- Yes
- Separate Office Area
- Yes
Business Type
- Hotel/Motel
- Yes
Sale Includes
- Business with Real Estate
- Yes
Documents
Offer Instructions ›
Listing Office:
THE LEGENDS OF REAL ESTATE
Last Updated: July - 16 - 2026
Information deemed reliable but not guaranteed.
