2413 Crill AvePalatka, FL 32177

  • Retail properties
  • 4,404 SF
For Sale
$650,000 View listing

Property Details for 2413 Crill Ave

Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.56 AC
Property size (Sq ft)
4,404 SF
Property type
Retail properties
Property subtype
Community centers
APN
12-10-26-6500-008.1-007.0
APU
121026650000810070

Description

Exceptional investment opportunity in Palatka, Florida, presents a multi-tenant office complex situated on a 0.56-acre lot at 2413 Crill Ave, zip code 32177. This property boasts a total of 8,530 square feet, strategically located on heavily traveled Crill Avenue/Highway 20, ensuring high visibility and accessibility. The complex comprises four units, all currently leased to long-term tenants: H&R Block, The Church of God, and Carter's Music Center. Unit 2413, encompassing 4,750 square feet, features two bathrooms (one ADA compliant), a break room with a sink, and a private storage room, currently leased for $1,575 per month. Unit 2415, measuring 1,380 square feet, includes one bathroom and a rear storage room, leased for $450 per month. Units 2417 and 2419, totaling 2,400 square feet, are occupied by a single tenant and feature four private rooms and two offices, leased for $1,300 per month. The property benefits from city water and sewer services, fenced rear parking with front and rear gates, and convenient access from both Crill Avenue/Highway 20 and President Street. Additional parking is available in front and on the side of the building. Roofs are less than 10 years old, with Unit 2413's roof installed in October 2015 (warranty until May 2031) and the remaining units' roofs installed in June 2016. The asking price for this lucrative investment is $650,000. An adjacent portion of the strip center is also available for purchase.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,114,720
    6.5%
    $1,028,972
    7%
    $955,474
  • Comparable approach

    Method
    Valuation
    Relative Method
    $754,780
    Geo Method
    $754,780
  • Alternative Use

    Use
    Valuation
    Residential
    $867,976
    Hospitality
    $795,062
    Educational
    $661,482
    Medical
    $684,231
    Retail
    $1,028,972
2413 Crill Ave, Palatka, Florida

Location Insight

City
Palatka
County
Putnam
State
Florida
Latitude
29.6419
Longitude
-81.6549
CBSA code
37260
CBSA name
PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,871
-
-
$326,720
-
$46,830
$279,890
$326,720

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