Property profile

119 Adams St Jacksonville, FL 32202

OFF-MARKET
Strip malls
Property ID
US18-5134010
6,258 SF 0.14 ac lot Built 1919
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, located at 119-129 W Adams Street in Jacksonville, Florida's vibrant Downtown Northbank submarket, offers a unique opportunity. The property boasts a total of 34,000 square feet across six stories in a single building, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 8,000 square feet. Currently configured for multiple tenants, this building features modern amenities including elevators. Its prime location offers unparalleled convenience, with easy walking access to a wide array of restaurants, bars, apartments, and hotels. Furthermore, major entertainment and sports venues are just a short drive away. The property is situated in a rapidly developing area, with plans to convert Adams Street to a two-way street in 2025, promising increased accessibility and visibility. This is an ideal space for businesses seeking a prestigious address in a thriving urban core. The zip code is 32202. This offering presents a rare chance to secure high-quality office space in one of Jacksonville's most sought-after locations.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1919
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,258 SF
Lot 0.14 ac (6,297 SF)
Zoning code CCBD
APN 073745-0000
UPID US18-5134010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

119 Adams St Jacksonville, FL 32202-3801
Jacksonville metro Census 17200 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$692k
Blend (final) Blend
$655k

Owner & transaction history

since 2022
4 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$600,000
2014
Price N/A

Zoning & alternative use

CCBD · Jacksonville, FL
Zoning description

CCG, CCBD and CR zoning districts- (i) One street frontage sign per lot not exceeding one square foot for each linear foot of street frontage, per street, to a maximum size of 300 square feet in area for every 300 linear…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.0M +2.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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