667 3Rd AveWelaka, FL 32193

Property Details for 667 3Rd Ave

Year built

2004

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

2,189 SF

Property type

Retail properties

Property subtype

Retail space

APN

41-12-26-9200-019.0-001.0

APU

411226920001900010

Description

This exceptional commercial property, situated at 667 3rd Avenue in Welaka, Florida, presents a unique investment opportunity. Built in 2004, the well-maintained building boasts modern, neutral finishes and is zoned General Commercial (GC) by the Town of Welaka. The property's 0.23-acre lot includes Lot 1, offering excellent visibility and ample space. The building features an open floor plan, providing flexibility for various business types, from retail storefronts to offices or service-based businesses. A full-size kitchen with abundant cabinetry and a dishwasher is included. An added benefit is an efficiency apartment with a separate rear entrance, offering privacy and approximately 192 square feet of additional deck space. Two ADA-compliant bathrooms are available, one with a full-size shower and washer/dryer hookups. Large storefront windows are perfect for retail displays and signage. The property also features easy-to-maintain landscaping with mature trees. The thriving commercial market in Welaka, fueled by large-scale developments and growth in retail, tourism, and residential sectors, makes this a prime investment opportunity with endless income potential, whether through business operation or apartment rental. A survey is available for reference. This property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $554,069

  6.5%

  $511,449

  7%

  $474,917

• Comparable approach

  Method

  Valuation

  Relative Method

  $375,162

  Geo Method

  $375,162

• Alternative Use

  Use

  Valuation

  Residential

  $431,426

  Hospitality

  $395,184

  Educational

  $328,788

  Medical

  $340,096

  Retail

  $511,449

Location Insight

City

Welaka

County

Putnam

State

Florida

Latitude

29.4825

Longitude

-81.6722

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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