2421 Crill AvePalatka, FL 32177

Property Details for 2421 Crill Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

3,696 SF

Property type

Retail space

APN

12-10-26-6500-008.1-009.0

APU

121026650000810090

Description

This exceptional investment opportunity presents a 6,060 square foot shopping center situated on a 0.31-acre lot in Palatka, Florida. Located at 2421 Crill Ave, this property boasts a highly visible location on heavily traveled Crill Avenue/Highway 20, ensuring significant foot and vehicle traffic. The center comprises two buildings, offering convenient access from both Crill Avenue/Highway 20 and President Street. Currently, the center features four units, three of which are leased, generating a gross monthly rent of $2,750. One unit is currently vacant, presenting an immediate opportunity to increase rental income. Ample parking is available in front of the buildings. This property offers significant potential for growth and return on investment. The asking price is $365,000. Note that an adjacent portion of the strip center is also available for purchase separately. This property is zoned for commercial use and is located in Putnam County, Florida, zip code 32177. The coordinates are 29.6419363 latitude and -81.6552291 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $783,246

  6.5%

  $722,997

  7%

  $671,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,420

  Geo Method

  $261,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,471,140

  Mixed-Use / Specialty

  $695,679

  Hospitality / Lodging

  $478,186

  Office

  $665,777

  Institutional / Educational

  $714,383

  Residential Income

  $835,828

  Multifamily

  $1,139,600

  Automotive / Energy

  $612,328

  Parking / Income-Based Land

  $235,750

  Restaurant / Food Service

  $309,027

  Healthcare / Senior Housing

  $738,776

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6418

Longitude

-81.6554

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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