2409 President StPalatka, FL 32177

Property Details for 2409 President St

Year built

1956

Lot size

0.67 AC

Property size (Sq ft)

1,427 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-10-26-0820-001.0-005.0

APU

121026082000100050

Description

This 1956 concrete block office building presents a compelling investment opportunity in Palatka, Florida. Located at 2409 President Street, this property boasts a substantial 29,185.2 square foot lot, offering significant room for expansion or potential lot division. The C-2 zoning allows for a variety of commercial uses. Its strategic location near the Putnam County Government Complex ensures high visibility and accessibility. The building benefits from convenient access via three streets: President Street, Julia Street, and Prosper Street. City water and a septic system are in place. The asking price is $100,000. This property is situated within the county limits and presents a rare chance to establish or expand a business in a thriving area. The substantial lot size and multiple street access points offer considerable flexibility for future development. Don't miss this chance to acquire a well-positioned commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $304,682

  6.5%

  $281,245

  7%

  $261,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $150,428

  Geo Method

  $150,428

• Alternative Use

  Use

  Valuation

  Residential

  $281,245

  Hospitality

  $257,619

  Educational

  $214,336

  Medical

  $221,707

  Retail

  $333,411

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6412

Longitude

-81.6546

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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