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33185522
33185523

120 E FORSYTH ST, JACKSONVILLE, FL 32202-3318 For Sale

CP
FL SL3236442
Engel & Völkers New Smyrna Beach
LB
FL 261224711
Engel & Völkers New Smyrna Beach
Listed by Engel & Völkers New Smyrna Beach
$2,999,000
51 days on market
Updated 51 days ago

112 & 120 E Forsyth Street Jacksonville, FL 32202

Details
APN 073451 0000 & 073456-0100
Property Type Retail, Office (+1)
Sub Type Restaurant, Bar (+1)
Square Footage 13,400
Net Rentable (SqFt) 13,400
Tenancy Vacant
Broker Co-Op True
Year Built 1909
Buildings 2
Stories 3
Lot Size (SqFt) 6,752
Zoning Central Core Business District (CCBD)
Investment Type Value Add
Ground Lease No
Ceiling Height 10
Ownership Fee Simple
Sale Condition N/A

Prime Mixed Use Commercial Buildings – Downtown Jacksonville

Marketing description

Positioned in the heart of Downtown Jacksonville’s vibrant urban core, 112 & 120 E. Forsyth Street presents an exceptional opportunity to acquire two historic mixed-use commercial buildings along one of the city’s most recognizable and highly trafficked corridors. Located adjacent to the iconic Florida Theatre and surrounded by a dynamic blend of restaurants, entertainment venues, office towers, hotels, and new residential development, the property offers unmatched visibility and long-term upside in one of Florida’s fastest-growing downtown markets.

Originally constructed in the early 1900’s, these 13,400+ RSF commercial buildings features classic historic architecture, exposed brick walls and flexible floor plans ideally suited for a wide range of uses including restaurant, hospitality, entertainment, creative office, retail, event venue, nightlife, or mixed-use redevelopment. The property is currently offered in shell condition, providing investors, developers, and owner-users with a rare blank canvas to create a signature destination in Downtown Jacksonville.

The property is zoned Central Core Business District (CCBD) – City of Jacksonville, allowing for a wide range of high-density mixed-use development opportunities. Additionally, the site is located within both an Opportunity Zone and the Downtown Jacksonville CRA District, providing significant potential redevelopment and investment incentives for investors and developers seeking to capitalize on the continued revitalization of the downtown core.

Situated along historic Forsyth Street, the property benefits from exceptional walkability and immediate proximity to Jacksonville’s premier entertainment and business destinations including the EverBank Stadium, Vystar Arena, Vystar Ballpark, Downtown Northbank district, the Jacksonville Riverwalk, major corporate offices, hotels, and public venues. The surrounding area continues to experience substantial public and private investment, positioning the asset to capitalize on the continued growth and transformation of Downtown Jacksonville.

This is a rare opportunity to acquire prominent historic commercial buildings in a premier downtown location with significant repositioning, redevelopment, and value-add potential.

Investment highlights

  • Prime Mixed-Use Commercial Buildings in the Heart of Downtown Jacksonville
  • Strategically positioned along E Forsyth St, adjacent to the famous Florida Theater and surrounded by a dynamic blend of restaurants, entertainment venues, office towers, hotels, and new residential development.
  • Zoning: Central Core Business District (CCBD) – City of Jacksonville, allowing for a wide range of high-density mixed-use development opportunities
  • Located within both an Opportunity Zone and Downtown Jacksonville CRA District, providing significant potential redevelopment and investment incentives
  • (2) Buildings featuring ~13,400+ RSF – Block Construction – 10+ Ceiling Heights
  • Highly walkable urban location just minutes from EverBank Stadium, Vystar Arena, Vystar Ballpark, restaurants, entertainment venues, and cultural attractions

Listing Contacts

CP
FL SL3236442
Engel & Völkers New Smyrna Beach
LB
FL 261224711
Engel & Völkers New Smyrna Beach
Listed by Engel & Völkers New Smyrna Beach

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Additional Information

Name
Chris Pixley
License
SL3236442
Brokerage Phone
3862136899
Name
Logan Berkowitz
License
261224711
Brokerage Phone
398-213-6899
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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