114 3Rd St Palatka, FL 32177

This exceptional commercial property, located at 114 3rd Street in Palatka, Florida, presents a unique investment opportunity. The 14,810.4 square foot lot features a two-story, 1940-built building offering approximately 8,000 square feet of space. Previously utilized as an Elks Club and partially as a restaurant and bar, the building retains some existing equipment, including fire suppression systems and hoods. Significant renovations have already commenced, including new sewer, water, and gas lines. The property boasts dual street access via Oak Street and South 3rd Street, offering excellent visibility and accessibility. A recent historic survey classified the building as "Non-Contributing," providing flexibility for future renovations. Detailed renovation plans are available for review. The building has undergone termite treatment with a five-year warranty (2023). Situated in Palatka's thriving South Historic District, just off St. John's Avenue, the property enjoys proximity to city boat ramps and stunning St. John's River views from the upper deck. The asking price is $1,200,000, with creative owner financing and potential cash discounts negotiable. This property is ready for your vision and offers immense potential for a variety of commercial uses.