481 Highway 17Palatka, FL 32177

This exceptional investment opportunity presents a 9.29-acre parcel in Palatka, Florida, ideally situated along US Highway 17. The property boasts approximately 925 feet of highway frontage, benefiting from an impressive annual average daily traffic count of 13,800 vehicles. Currently operating as commercial retail space under a special use permit, the property is zoned IL (Light Industrial), offering significant versatility. The main structure is a substantial 13,000+ square foot concrete block building equipped with 3-phase power. Adding to the property's utility are two additional 2,400 square foot warehouse buildings (40ft x 60ft each) and twenty storage containers providing ample storage capacity. The expansive 404,672.4 square foot lot was built in 1966. This property enjoys a strategic location, providing easy access to major Florida cities including Jacksonville, Gainesville, St. Augustine, Palm Coast, and Ocala. Attractive seller financing is available, requiring a 25% cash down payment, amortized over 30 years at a 5.5% APR with a 5-year balloon payment. This presents a rare chance to acquire a substantial industrial/retail property with significant development potential in a high-traffic area. The zip code is 32177.