2626 Reid StPalatka, FL 32177

Property Details for 2626 Reid St

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

5,523 SF

Property type

Retail properties

Property subtype

Retail space

APN

01-10-26-0670-012.0-004.1

APU

11026067001200041

Description

This exceptional retail property at 2626 Reid Street presents a compelling investment opportunity. The single-tenant building boasts nearly 4,700 square feet of versatile space, ideal for a variety of retail uses. The layout includes a dedicated office, ample storage, and two expansive open areas. One open area is perfect for showroom display, while the other features three roll-up doors for convenient loading and unloading. One door is equipped with a concrete ramp, while the other two offer dock-height loading capabilities. The property benefits from a newly installed roof (March 2024), ensuring long-term cost savings. Situated on a sizable 0.36-acre lot, the property is zoned C-2 and connected to city water and sewer. Its prime location offers approximately 130 feet of frontage on a busy highway, ensuring high visibility and accessibility. The strategic positioning across from McDonald's and between AutoZone and Family Dollar guarantees significant foot and vehicle traffic. This exceptional property offers a rare blend of size, functionality, and location, making it an ideal investment for discerning buyers seeking a high-return retail venture. The APN is 011026067001200041.

• CAP approach

  CAP return

  Valuation

  6%

  $1,397,956

  6.5%

  $1,290,421

  7%

  $1,198,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $946,560

  Geo Method

  $946,560

• Alternative Use

  Use

  Valuation

  Residential

  $1,088,518

  Hospitality

  $997,077

  Educational

  $829,556

  Medical

  $858,086

  Retail

  $1,290,421

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.656

Longitude

-81.6576

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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