413 Elm StWelaka, FL 32193

Property Details for 413 Elm St

Year built

2004

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

2,156 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

41-12-26-9200-031.0-003.0

APU

411226920003100030

Description

This exceptional commercial property, located at 413 Elm Street in Welaka, Florida, presents a unique investment opportunity. The single-tenant building, constructed in 2004, boasts 2,100 square feet of space situated on a 0.46-acre lot (APN: 411226920003100020). The property is currently configured for retail use, featuring a fully equipped commercial kitchen, a Southern Pride smoker, and ample outdoor space, ideal for various commercial ventures. The building includes a newly installed complete A/C unit and a commercial refrigerator. The property's versatility allows for adaptation to office space or other retail service businesses. Located in Putnam County (zip code 32193), this one-story building offers immediate occupancy with significant potential for long-term growth. The property is currently income-producing, with a long-term tenant in a secondary unit, providing a strong rental history. The seller is open to considering both lease and sale options, including seller financing. The property's location in the charming town of Welaka, along the scenic St. Johns River, offers a picturesque setting and benefits from increasing investor and resident interest. Detailed floor plans are available. This is a rare opportunity in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $545,717

  6.5%

  $503,738

  7%

  $467,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,506

  Geo Method

  $369,506

• Alternative Use

  Use

  Valuation

  Residential

  $424,922

  Hospitality

  $389,226

  Educational

  $323,832

  Medical

  $334,969

  Retail

  $503,738

Location Insight

City

Welaka

County

Putnam

State

Florida

Latitude

29.4788

Longitude

-81.6702

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].