For Sale
$649,000

2401 Crill AvePalatka, FL 32177

Prime Restaurant, 9-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, single-tenant restaurant in Palatka, Florida. The 6,164 square foot building, situated on a 0.53-acre corner lot, boasts 4,144 square feet of net rentable space currently leased under a 10-year NNN lease with 9 years remaining. Built in 1964 and renovated in 1998, the property features two units, a full commercial kitchen, and three ADA-compliant restrooms. Recent improvements include new paint, flooring, a walk-in cooler, and a resurfaced parking lot with 12 spaces. The property is zoned C-2 and enjoys a 100% occupancy rate, generating a stable monthly income of $4,000. Located on a busy thoroughfare in Putnam County, this turn-key operation offers a compelling combination of strong tenancy, consistent cash flow, and a prime location, making it an ideal addition to any investment portfolio. The asking price is $649,000, translating to $105.29 per square foot.

Property Details for 2401 Crill Ave

Property type
Retail properties, Restaurants
Square Feet
6,164 SF
Year Built/Renovated
1964/1998
Buildings
1
Stories
1
Lot Size (sq. ft)
23,087 SF
Units
2

Location Insight

City
Palatka
County
Putnam
State
Florida
Latitude
29.6421614
Longitude
-81.6540843
2401 Crill Ave, Palatka, Florida

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2401 Crill Ave
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