1753 Highway 17Pomona Park, FL 32181

Property Details for 1753 Highway 17

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

2,408 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

32-11-27-0170-007.0-002.3

APU

321127017000700023

Description

This exceptional retail property, located at 1753 Highway 17 in Pomona Park, Florida, presents a rare investment opportunity. Priced at $229,000, this single-story building boasts 2,124 square feet of versatile space, ideal for a variety of retail or restaurant concepts. Built in 1974, the property sits on a substantial 17,859.6 square foot lot, providing ample parking for customers. The open floor plan offers flexibility for customization to suit specific business needs. Its prime Highway 17 location ensures excellent visibility and high traffic volume, making it an attractive proposition for entrepreneurs seeking a thriving business environment. The property's history includes successful operation as both a convenience store and a restaurant, demonstrating its adaptability and potential for continued success. The expansive parking area further enhances its appeal to customers and staff. This is a unique chance to acquire a well-situated retail space in a desirable Florida location. The property's size and location make it an excellent investment for those seeking high visibility and strong potential for return. The zip code is 32181, and the Putnam County location offers easy access to local amenities and a growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $633,984

  6.5%

  $585,216

  7%

  $543,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $412,696

  Geo Method

  $412,696

• Alternative Use

  Use

  Valuation

  Residential

  $493,651

  Hospitality

  $452,182

  Educational

  $376,210

  Medical

  $389,149

  Retail

  $585,216

Location Insight

City

Pomona Park

County

Putnam

State

Florida

Latitude

29.498

Longitude

-81.5969

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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