7351 Crill AvePalatka, FL 32177

Property Details for 7351 Crill Ave

Year built

1953

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

756 SF

Property type

Retail properties

Property subtype

Retail space

APN

09-10-26-0000-068.0-000.0

APU

91026000006800000

Description

This exceptional commercial property in Palatka, Florida, presents a unique investment opportunity. Located at 7351-7353 Crill Avenue, this .72-acre lot boasts 160 feet of frontage on the four-lane Crill Avenue (State Road 20), ensuring high visibility and accessibility. The property includes two buildings totaling 756 square feet, currently used as residential units but zoned C-2, making them ideal for conversion into offices or small retail spaces. One building, at 7353 Crill Avenue, is a 441 square foot house. The property's strategic location near the intersection of State Roads 19 and 20 offers excellent exposure to significant traffic volume. This versatile property is perfect for entrepreneurs seeking a high-traffic location to establish their business. The combined tax amount for both parcels is $1,860. Note that measurements are estimates. An adjacent parcel, 7355 Crill Ave, is also available for purchase separately. This is a rare chance to acquire a well-situated commercial property in a growing area. The asking price for this exceptional opportunity is $249,900.

• CAP approach

  CAP return

  Valuation

  6%

  $191,355

  6.5%

  $176,636

  7%

  $164,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $129,567

  Geo Method

  $129,567

• Alternative Use

  Use

  Valuation

  Residential

  $148,999

  Hospitality

  $136,482

  Educational

  $113,551

  Medical

  $117,457

  Retail

  $176,636

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6346

Longitude

-81.7075

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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