111 Palm AvePalatka, FL 32177

Property Details for 111 Palm Ave

Year built

1960

Construction

WOOD

Lot size

1.12 AC

Property size (Sq ft)

1,337 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01-10-26-4500-000.0-010.1

APU

11026450000000101

Description

This exceptional 1.12-acre commercial property in the heart of Palatka, Florida, presents a unique investment opportunity. Its central location ensures high visibility and significant traffic flow, making it perfectly suited for a variety of retail or office uses. The property includes a substantial building featuring a spacious retail/office area and a large, functional storage/working space. Adding to its versatility, a charming three-bedroom, two-bathroom house is situated on the property. This residence offers multiple possibilities: owner occupancy, employee housing, or a lucrative rental income stream. The combination of commercial space and residential dwelling creates a truly dual-purpose property, maximizing potential returns. Palatka is experiencing a period of significant growth and development, attracting new businesses and residents. Putnam County's renowned outdoor recreational opportunities further enhance the area's appeal. This property's strategic location and diverse functionality make it an exceptional investment in a thriving Florida community. The property's size and features offer significant potential for expansion or adaptation to suit a wide range of commercial needs. Don't miss this chance to acquire a prime piece of Palatka real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $285,466

  6.5%

  $263,507

  7%

  $244,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,941

  Geo Method

  $140,941

• Alternative Use

  Use

  Valuation

  Residential

  $263,507

  Hospitality

  $241,371

  Educational

  $200,818

  Medical

  $207,724

  Retail

  $312,383

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6496

Longitude

-81.6618

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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