350 State Road 19Palatka, FL 32177

Property Details for 350 State Road 19

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.04 AC

Property size (Sq ft)

9,512 SF

Property type

Retail properties

Property subtype

Banks

APN

02-10-26-0000-132.0-000.0

APU

21026000013200000

Description

This exceptional 3,560-square-foot office building is ideally situated on a high-traffic six-lane highway in Palatka, Florida's prime business district. The attractive brick building sits on a 1.05-acre lot (APN: 021026000013200010) and offers a single-tenant occupancy. The space boasts a welcoming foyer/lobby with two bathrooms, a dedicated receptionist area, two private offices, and five cubicle workspaces, providing ample room for a variety of business needs. A large conference room is perfect for meetings and presentations, complemented by a full kitchen equipped with a refrigerator, stove, microwave, and dishwasher. Additional features include a convenient breakroom, storage room, and supply room, along with a service window connecting the kitchen and conference room. Accessibility is ensured with a handicap-accessible ramp at the front entrance. This property is offered as a NNN lease, and prospective tenants must operate a business compatible with neighboring establishments. The building's location and amenities make it an excellent choice for a professional office or meeting facility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,407,633

  6.5%

  $2,222,430

  7%

  $2,063,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,630,216

  Geo Method

  $1,630,216

• Alternative Use

  Use

  Valuation

  Residential

  $1,874,703

  Hospitality

  $1,717,218

  Educational

  $1,428,705

  Medical

  $1,477,840

  Retail

  $2,222,430

Location Insight

City

Palatka

County

Putnam

State

Florida

Latitude

29.6518

Longitude

-81.673

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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