For Sale
$39,000,000

945 Highway 17Palatka, FL 32177

3,425 Acres, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3,425-acre development site in Putnam County, Florida, presents a unique investment opportunity. Strategically located on Highway 17 between Green Cove Springs and Palatka, this property boasts 6200 feet of highway frontage and benefits significantly from the ongoing $2 billion Outer Beltway project, connecting Clay and Putnam Counties to Jacksonville's major employment centers and the Durbin Park Plaza. Completion of the Outer Beltway and the new Shands Bridge is anticipated by 2029-2030, unlocking significant growth potential. The site's proximity to Palatka (6 miles) provides access to essential services including HCA Florida Putnam Hospital and retail amenities. Surrounded by timberland and adjacent to 1,670 acres of Putnam County land, this property is ideally suited for a master-planned development, with county support indicated. The area is experiencing substantial growth, fueled by the development of a major golf and fishing resort by Bass Pro Shops and the "Trail Hub" designation for Putnam County, centered around the nearly complete Lake Butler to St. Augustine Rails-to-Trails project. The property is zoned IN & AG-2, with over 300 acres potentially suitable for industrial use. The asking price is $39,000,000, translating to $11,387 per acre. The property's address is 945 Highway 17, Palatka, FL 32177, with multiple APNs.

Highlights

  • 13 miles south of the new Outer Beltway & Shands Bridge.
  • 6,200 feet of highway frontage on Hwy 17.
  • County support for master-planned development.
  • Over 300 acres of industrial zoning.

Property Details for 945 Highway 17

Property type
Land
Lot Size (sq. ft)
149,193,000 SF

Location Insight

City
Palatka
County
Putnam
State
Florida
Latitude
29.7523781
Longitude
-81.6438773
945 Highway 17, Palatka, Florida

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945 Highway 17
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