120 E FORSYTH ST, Jacksonville, FL 32202
Two historic mixed-use buildings offered in shell condition, zoned for Central Core Business District uses.
- Added:
- May 29, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 4:26 am
Property Features for 120 E FORSYTH ST
General Information
- Standard status
- Active
- Size
- 13,400 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1909
Listing agent Chris Pixley License #SL3236442
Listing office Engel & Völkers New Smyrna Beach (352) 267-4244
Listing date May 29, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Engel & Völkers New Smyrna Beach
HighLights
- Two historic mixed‑use commercial buildings totaling 13,400+ RSF on E. Forsyth St.
- Year built 1909 with classic historic architecture and exposed brick walls.
- Offered in shell condition, providing flexible space for a wide range of uses.
- Zoned Central Core Business District (CCBD) – City of Jacksonville.
- Located in both an Opportunity Zone and the Downtown Jacksonville CRA District.
- Adjacent to the Florida Theatre in downtown Jacksonville’s urban core.
Overview
The site is positioned adjacent to the Florida Theatre and sits along historic Forsyth Street within an active downtown environment that includes restaurants, entertainment venues, office towers, hotels, and new residential development. The area is also described as within close proximity to major downtown destinations and venues, including EverBank Stadium, Vystar Arena, and the Jacksonville Riverwalk.
From a tenant and operator standpoint, the existing layout flexibility and shell condition support adaptive reuse for restaurant, hospitality, entertainment, creative office, retail, event venue, nightlife, or mixed-use redevelopment plans, subject to applicable requirements. Zoning is Central Core Business District (CCBD) per the City of Jacksonville, and the property is located within both an Opportunity Zone and the Downtown Jacksonville CRA District, which may be relevant for redevelopment planning and incentives where applicable.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.4k | $21.60 |
| − Vacancy | −$23.2k | −$1.73 |
| EGI | $266.3k | $19.87 |
| − OpEx | −$66.6k | −$4.97 |
| NOI | $199.7k | $14.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6560662
- Latitude
- 30.3264265
