The Schultz Building

For Sale

118-120 West Adams Street, Jacksonville, FL 32202

This Jacksonville property for sale is located at 118-120 West Adams Street. The general use of The Schultz Building is office and it incorporates 31,425 square feet of class B office space. The current listed sale price for The Schultz Building is $3,475,000.

Contacts

broker

Grafton D. Addison III

Addison Commercial Real Estate

(904) 354-1789

Property Details

  • Property Type Office - General Office
  • Property Size 31,425 SF
  • Building Class B
  • Date Updated Apr 15, 2024
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.Iconic ten (10) story downtown office building built in 1926 and completely renovated in the early 2000s. Built as The Atlantic National Bank Annex, this property is listed on the National Register of Historic Places. Gross building area including basement: 35,179 sq. ft. Gross building area excluding basement: 31,425 sq. ft.

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Highlights

  • Take immediate occupancy
  • Great CBD location for small businesses
  • Nearby parking, dining, and retail establishments
  • Functional floor plans
  • Building is condominiumized, but being sold as a single asset
  • Value add opportunity/current occupancy 25%
  • 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

Getting around

  • 93/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 51/100

    Bike Score ®

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Location

  • City Jacksonville, FL
  • Neighborhood Northbank
  • Zip Code 32202
  • Market Jacksonville

Points of Interest

  • James Weldon Johnson Park

    0.10 miles

  • Central

    0.18 miles

  • Rosa Parks

    0.36 miles

  • Jefferson

    0.48 miles

  • San Marco

    0.72 miles

  • Riverplace

    0.74 miles

  • Jacksonville Regional Transportation Center

    0.76 miles

  • Kings Avenue

    0.96 miles

  • Jacksonville

    4.63 miles

  • Train Station

    5.04 miles

  • 7-Eleven

    0.38 miles

  • BP

    0.84 miles

  • Gate

    1.17 miles

  • Shell

    1.57 miles

  • BP

    1.94 miles

  • Gate

    1.97 miles

  • Shell

    2.57 miles

  • Speedway

    2.75 miles

  • Sunoco

    2.77 miles

  • BP

    3.00 miles

  • Forsyth Street Garage

    0.09 miles

  • Public Parking

    0.09 miles

  • Jacksonville Center Garage

    0.12 miles

  • Parador Garage

    0.14 miles

  • City Hall Parking

    0.16 miles

  • Annex Garage

    0.17 miles

  • Jacksonville Jaguars International Plaza

    0.20 miles

  • First Baptist Church Preschool Garage

    0.20 miles

  • One Enterprise Garage

    0.21 miles

  • Courthouse Garage

    0.22 miles

  • Marriott Jacksonville Downtown

    0.20 miles

  • Hyatt Regency Jacksonville Riverfront

    0.34 miles

  • Palms View Inn

    0.36 miles

  • DoubleTree by Hilton Hotel Jacksonville Riverfront

    0.56 miles

  • Hampton Inn Jacksonville Downtown I-95

    0.80 miles

  • Extended Stay America - Jacksonville - Riverwalk

    0.82 miles

  • Southbank Hotel Jacksonville Riverwalk

    0.84 miles

  • Residence Inn Jacksonville Downtown

    1.01 miles

  • Hilton Garden Inn Jacksonville Downtown Southbank

    1.14 miles

  • Riverdale Inn

    1.56 miles

  • The Fresh Market

    0.79 miles

  • Grassroots Natural Market

    1.64 miles

  • Publix

    1.78 miles

  • Publix

    3.00 miles

  • New World Food Mart

    3.58 miles

  • Cambodian Oriental Store

    3.59 miles

  • Bosnian Kwik Mart

    3.60 miles

  • Publix

    3.62 miles

  • African Market

    3.66 miles

  • La Grand Parada - Food Store

    3.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Grafton D. Addison III

Addison Commercial Real Estate

(904) 354-1789