200 Mission RdPalatka, FL 32177

Property Details for 200 Mission Rd

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.93 AC

Property size (Sq ft)

2,863 SF

Property type

Office properties

Property subtype

Office buildings

APN

02-10-26-0000-075.1-000.0

APU

21026000007510000

Description

This exceptional investment opportunity presents a well-established medical office building situated on a spacious 2-acre lot in Palatka, Florida. The main building, constructed in 1966, offers 2,903 square feet of functional space, including a finished, heated and cooled 870-square-foot basement. The layout is ideal for medical practices, featuring a welcoming waiting area, a dedicated receptionist area, four exam rooms, a private physician's office, a convenient breakroom with a work area, ample storage, and a separate file area. Accessibility is ensured with handicap-accessible ramps located at both the front and rear of the building. Adding to the property's income potential is a second building comprising two units totaling 2,091 square feet. Each unit includes multiple exam rooms and bathrooms, offering significant rental income opportunities. The property boasts over 200 feet of frontage on Mission Road, providing excellent visibility and accessibility. The combined 88,426.8 square foot lot offers ample room for future expansion or additional development. This single-story building is priced at $595,000 and represents a compelling investment in a thriving Florida community. The property is located at 200 Mission Road, Palatka, FL 32177.

• CAP approach

  CAP return

  Valuation

  6%

  $492,972

  6.5%

  $455,051

  7%

  $422,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,713

  Geo Method

  $194,713

• Alternative Use

  Use

  Valuation

  Residential

  $564,264

  Hospitality

  $516,862

  Educational

  $430,023

  Medical

  $444,813

  Retail

  $668,925

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6496

Longitude

-81.6697

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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