245 Adams St Jacksonville, FL 32202-3327

This exceptional investment opportunity presents a fully leased, two-story creative office building situated in the heart of Downtown Jacksonville, Florida. The property, located at 245 E Adams Street, boasts 7,440 square feet and is currently 100% occupied by a tenant operating a music education business since May 9, 2023. The building, constructed in 1954, sits on a 5,745 square foot lot and is zoned CCBD. The tenant is on a Net Net Net (NNN) lease with a remaining term of approximately four years, extending to November 9, 2028, with a 5-year renewal option. Annual rent increases of 4% are built into the lease. The asking price is $1,500,000, representing a compelling cap rate of 7.37% and a price per square foot of $201.61. The property includes five dedicated parking spaces in the rear, with ample street parking available due to its convenient location across from a public parking garage. Before and after tenant build-out photos are available. This is an excellent buy-and-hold investment with a stable tenant and significant upside potential. The property offers great exposure and is an ideal addition to any commercial real estate portfolio.