129 N MARKET ST, Jacksonville, FL 32202
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129 N MARKET ST, Jacksonville, FL 32202
129 N MARKET ST, Jacksonville, FL 32202
129 N MARKET ST, Jacksonville, FL 32202
129 N MARKET ST, Jacksonville, FL 32202
Suzanne & Karsyn Pierce The Pierce Group
Suzanne & Karsyn Pierce The Pierce Group

Agent License ID: 3620095

+1(904) 219-5444

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$ 850,000

$ 1,100,000 22.7%

Est. payment /mo
Sold on 09/30/2026

129 N MARKET ST Jacksonville, FL 32202

10,647 SqFt


UPDATED:

Key Details

Sold Price $850,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 10,647 sqft

Price per Sqft $79

MLS Listing ID 2146519

Sold Date 09/30/26

HOA Y/N Yes

Year Built 1904

Annual Tax Amount $10,778

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Hotel/Motel

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

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)

Location

State FL

County Duval

Area 073-Downtown Jacksonville-Northbank

Direction 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

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Other, Off Street

Amenities Available Management - Full Time

Accessibility Accessible Washer/Dryer, Common Area

Private Pool No

Building

Lot Description Other

Building Description Concrete, Lobby,Separate Office Area

Sewer Public Sewer

Water Public

Structure Type Concrete

Others

Tax ID 0734000000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by THE LEGENDS OF REAL ESTATE • TROY SMITH
Bought with THE LEGENDS OF REAL ESTATE
Suzanne & Karsyn Pierce The Pierce Group

Suzanne & Karsyn Pierce The Pierce Group

Agent License ID: 3620095

+1(904) 219-5444

GET MORE INFORMATION

Name
Phone*
Message

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129 N MARKET ST