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 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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