121 Forsyth StJacksonville, FL 32202

Property Details for 121 Forsyth St

Year built

1908

Construction

STEEL FRAME

Lot size

0.36 AC

Property size (Sq ft)

63,579 SF

Zone code

CCBD

Property type

Office buildings

APN

073735-0000

APU

737350000

Description

121 Atlantic Place offers exceptional office space in Downtown Jacksonville's Northbank submarket. This Class A, historically significant building, originally constructed in 1918 and extensively renovated in 2021, boasts 104,804 square feet of space, with units ranging from 826 to 5,150 contiguous square feet. The building features a newly renovated lobby, a modern tenant conference center and lounge, and a unique underground corridor providing direct access to a nearby parking garage with guaranteed parking allocations. Its prime location offers convenient proximity to the Skyway, County and Federal courthouses, City Hall, and numerous restaurants and cafes. Multiple tenancy options are available, including turnkey and design/build solutions, with up to 50,000 square feet available on three contiguous floors. Security features include CCTV throughout the building and on-site security. The building is situated within a SBA HubZone, offering potential economic benefits. This is a rare opportunity to lease space in a fully remodeled historic building with modern amenities and unparalleled convenience in the heart of Jacksonville's central business district.

• CAP approach

  CAP return

  Valuation

  6%

  $11,485,553

  6.5%

  $10,602,049

  7%

  $9,844,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,324,008

  Geo Method

  $4,324,008

• Alternative Use

  Use

  Valuation

  Residential

  $13,146,540

  Hospitality

  $12,042,160

  Educational

  $10,018,936

  Medical

  $10,363,503

  Retail

  $15,585,012

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3278

Longitude

-81.66

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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