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Schultz Building 118-120 W Adams St
31,425 SF 91% Leased Office Building Jacksonville, FL 32202 $3,200,000 ($102/SF)
Investment Highlights
- Take immediate occupancy
- Nearby parking, dining, and retail establishments
- Building is condominiumized, but being sold as a single asset
- Great CBD location for small businesses
- Functional floor plans
- Value add opportunity/current occupancy 25%
Executive Summary
Gross building area including basement: 35,179 sq. ft.
Gross building area excluding basement: 31,425 sq. ft.
Restaurant space on ground floor with existing grease trap and hood
Full basement ideal for storage
Windows on three (3) sides of the building
Each floor is separately metered
Individual HVAC package units serving each floor
Floors 7-10 offer 11,184 contiguous sq. ft.
TPU modified roof completed in 2014; warranty through 2035
Elevator was fully modernized in 2024; keyed elevator access on each floor
Located in the heart of downtown Jacksonville, the area surrounding the property offers a vibrant mix of business, culture, and leisure. Just a short walk away, investors will find the iconic Friendship Fountain and the Museum of Science & History, offering a rich tapestry of cultural experiences. With numerous hotels, financial institutions, and major corporations in the vicinity, the location presents an enticing opportunity for office building investors to become part of an established and thriving business community.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Second Generation (2nd Gen) Restaurant Space in Prime Location in Downtown Jacksonville. Was formerly Zodiac. Hood is in place but will need some restaurant equipment. Former tenant used to have liquor license. Space is actually listed by management company as 3600 square feet but this includes basement and mezzanine space so 2800 is more accurate as usable for kitchen, bar and table space. Come take a look! Can generally show most business days from 10am-1pm and at other times as well. Landlord would consider popup retail location for a minimum of 3 months.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 2,800 SF | Restaurant | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 2,800 SF |
| Space Use |
| Restaurant |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 2,800 SF |
| Space Use | Restaurant |
| Condition | Full Build-Out |
| Available | Now |
Second Generation (2nd Gen) Restaurant Space in Prime Location in Downtown Jacksonville. Was formerly Zodiac. Hood is in place but will need some restaurant equipment. Former tenant used to have liquor license. Space is actually listed by management company as 3600 square feet but this includes basement and mezzanine space so 2800 is more accurate as usable for kitchen, bar and table space. Come take a look! Can generally show most business days from 10am-1pm and at other times as well. Landlord would consider popup retail location for a minimum of 3 months.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,286,200 | |
| Land Assessment | $0 | Total Assessment | $2,286,200 |
PROPERTY TAXES
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Schultz Building | 118-120 W Adams St
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