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.
10,647 Sq Ft
5,227.2 Sq Ft Lot Size
commercial
$898 Monthly Tax
Built in 1904
MLS/Listing ID 2146519
Parking - Off Street
Association - Management on Site
Public Sewer
Public Water
Common Area
Accessible Washer/Dryer
Construction - Concrete
Cooling - Central Air
TOTAL MONTHLY COST
$0
$0
$0