3510 Reid StPalatka, FL 32177

Property Details for 3510 Reid St

Year built

1967

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

1,680 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

02-10-26-0000-026.0-001.0

APU

21026000002600010

Description

This exceptional investment opportunity presents a concrete block commercial building totaling 1,680 square feet, ideally situated on a 0.19-acre lot in Palatka, Florida. The property boasts a prime location on heavily trafficked Reid Street (State Road 100), a four-lane road, offering approximately 123 feet of frontage. A distinct advantage is the presence of separate entrance and exit points, ensuring smooth traffic flow. The building features two convenient bay doors, perfect for various commercial uses. Its zoning classification is C-2, providing flexibility for a range of businesses. The strategic location near the intersection of State Road 100 and State Road 19 guarantees high visibility and accessibility. This property is an excellent investment prospect for entrepreneurs seeking a well-positioned commercial space with significant street frontage in a bustling area. Note that any existing business operations are not included in the sale. The building itself presents a solid foundation for a variety of commercial ventures, capitalizing on its high-traffic location and convenient access. This is a rare opportunity to acquire a well-situated commercial property in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $425,234

  6.5%

  $392,523

  7%

  $364,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,927

  Geo Method

  $287,927

• Alternative Use

  Use

  Valuation

  Residential

  $331,108

  Hospitality

  $303,293

  Educational

  $252,336

  Medical

  $261,015

  Retail

  $392,523

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6576

Longitude

-81.6653

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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