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    1201 Madison St, Unit 101 Palatka, FL 32177

    Sponsored
    For Sale
    $1,100,000

    COMMERCIAL - Palatka, FL

    Property size:
    12,983 SF
    Lot size:
    1.89 Acres
    Days on Market:
    116
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 1201 Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    421027685021800100
    Parking features
    Parking Lot
    Size
    12,983 SF
    Lot size
    1.89 Acres

    Building Details

    Year built
    1947

    Florida Homes Realty and Mortgage (904) 363-8395 [email protected]

    Listing agent GEORGE S RAMIA (904) 434-0929

    Listing date Sep 12, 2025

    Copyright © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Grocery Store with Apartment

    For sale is a well-established grocery store and meat market business, including the real property. The property also features a 3-bedroom, 2-bathroom apartment upstairs. Additionally, there is approximately 5000 square feet of vacant space that could be leased for various other businesses. The location is equipped with a kitchen, presenting a significant opportunity to add a food restaurant. The property is situated in Palatka, FL, and has a total size of 12983 square feet on a 1.89-acre lot. The property includes unit 101 at 1201 MADISON Street. The property has potential for owner financing with terms agreeable to the seller. Buyers are advised to conduct their own due diligence. Inventory is not included in the selling price and will be evaluated by a professional inventory company on the day of closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Market Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.641201
    Latitude
    29.650791

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    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery store, meat market, and apartment with vacant commercial space.
    Where is this grocery and convenience store located?
    The property is located at 1201 Madison St, Unit 101 Palatka, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Established grocery store & meat market business included in the sale.; - Real property included, featuring both land and building.; - Includes a 3 bedroom, 2 bathroom apartment upstairs.
    (904) 434-0929
    Request Owner's contact information
    1201 Madison St, Unit 101 Palatka, FL 32177
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    Palatka, FL 32177
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Madison St, Unit 101 Palatka, FL 32177
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