108 State Road 19Palatka, FL 32177

Property Details for 108 State Road 19

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

1,784 SF

Property type

Retail properties

Property subtype

Gas stations

APN

02-10-26-0000-132.1-000.0

APU

21026000013210000

Description

This exceptional Palatka, Florida property presents a prime retail development opportunity. Located at 108 N STATE ROAD 19, this 0.5-acre lot boasts excellent visibility from SR 19 (20,300 AADT) and St. Johns Ave (8,500 AADT), offering approximately 110 feet of frontage. The existing 2,264 square foot building can be renovated or removed to accommodate your vision. The property's strategic location within Putnam County's most desirable retail corridor ensures high traffic counts. Additional adjacent land is available for purchase, providing expansion potential. A current billboard lease generates supplemental income, although the seller retains an opt-out clause. Priced at $1,400,000, this is a rare chance to establish your business in a thriving retail destination. Don't miss this unique opportunity to capitalize on high traffic and secure a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $451,558

  6.5%

  $416,822

  7%

  $387,049

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,751

  Geo Method

  $305,751

• Alternative Use

  Use

  Valuation

  Residential

  $351,605

  Hospitality

  $322,069

  Educational

  $267,957

  Medical

  $277,173

  Retail

  $416,822

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6491

Longitude

-81.674

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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