The Schultz Building

118-120 West Adams Street, Jacksonville, FL 32202

  • For Sale $3,475,000
  • 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

Contacts

broker

Grafton D. Addison III

Addison Commercial Real Estate

(904) 354-1789

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • 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

  • Zodiac Bar & Grill

    0.01 miles

  • Kazu Suhsi Burrito

    0.02 miles

  • De Real Ting Café

    0.03 miles

  • Bellweather

    0.03 miles

  • Jimmy John's

    0.05 miles

  • Desert Rider Sandwich Shop

    0.05 miles

  • Subway

    0.05 miles

  • The Happy Grilled Cheese

    0.05 miles

  • Magnificat Cafe

    0.07 miles

  • Quiznos

    0.08 miles

  • Oak School of Learning

    0.22 miles

  • Central School

    0.49 miles

  • Lavilla School of the Arts

    0.54 miles

  • Florida State College at Jacksonville - Downtown Campus

    0.59 miles

  • Ford School

    0.98 miles

  • Mattie V.Rutherford Middle School

    1.06 miles

  • Darnell Cookman School

    1.30 miles

  • Beal School

    1.31 miles

  • Beulah Beal Young Parents Center

    1.36 miles

  • Mount Herman School

    1.42 miles

  • Chappell Schools

    1.05 miles

  • Academie de Montessori

    1.34 miles

  • Jacksonville Urban League DayCare

    1.82 miles

  • Saint Andrew Missionary Baptist Church Child Care Center

    4.04 miles

  • Growing Minds Development

    4.55 miles

  • Saint Catherine's Episcopal Preschool

    4.90 miles

  • Victory Christian Day Care Center

    7.22 miles

  • Little Winners Child Care Center

    7.57 miles

  • La Petite Academy of Jacksonville

    9.17 miles

Frequently Asked Questions

What is the lease rate for The Schultz Building?

Rental asking rate at The Schultz Building is $1,737,500.00/YR.

What is the total square footage of The Schultz Building?

The Schultz Building totals 31,425 square feet.

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Contact Listing Broker

broker

Grafton D. Addison III

Addison Commercial Real Estate

(904) 354-1789