119 Adams StJacksonville, FL 32202

Property Details for 119 Adams St

Year built

1919

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

6,258 SF

Zone code

CCBD

Property type

Retail properties

Property subtype

Strip malls

APN

073745-0000

APU

737450000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,661,847

  6.5%

  $1,534,013

  7%

  $1,424,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,072,529

  Geo Method

  $1,072,529

• Alternative Use

  Use

  Valuation

  Residential

  $1,293,997

  Hospitality

  $1,185,294

  Educational

  $986,151

  Medical

  $1,020,066

  Retail

  $1,534,013

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3285

Longitude

-81.6595

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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