405 Pine StPalatka, FL 32177

Property Details for 405 Pine St

Year built

1955

Lot size

1.15 AC

Property size (Sq ft)

13,986 SF

Property type

Office properties

Property subtype

Office buildings

APN

01-10-26-8650-001.0-051.0

APU

11026865000100510

Description

This exceptional single-tenant office space at 405 Pine Street in Palatka, Florida, offers approximately 1,650 square feet of recently remodeled office space. The property sits on a 1.15-acre lot (APN: 011026865000100510) and boasts a convenient covered walkway leading to a private entrance, ensuring both privacy and accessibility. The interior features modern luxury vinyl plank flooring throughout. The space includes two bathrooms, one of which is ADA compliant, catering to a diverse workforce. Tenants will have a separate electric meter for cost-effective utility management, while water is included. This is a fantastic opportunity for a business seeking a well-maintained, updated office space in a desirable location. The property is conveniently located in Palatka, FL, zip code 32177, at 29.652668 latitude and -81.6593491 longitude. Please note that additional space may be available – inquire about Unit B for further details. This is a single-suite building on a sizable lot, perfect for a business seeking a standalone office presence.

• CAP approach

  CAP return

  Valuation

  6%

  $2,408,211

  6.5%

  $2,222,964

  7%

  $2,064,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $951,188

  Geo Method

  $951,188

• Alternative Use

  Use

  Valuation

  Residential

  $2,756,476

  Hospitality

  $2,524,917

  Educational

  $2,100,701

  Medical

  $2,172,948

  Retail

  $3,267,758

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6527

Longitude

-81.6592

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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