Commercial Flex Building with Drive-In
1321 St Johns Avenue Palatka, FL 32177
For Sale
$235,000
SINGLE_FAMILY - Palatka, FL
Property Size2,110 SF
Lot Size0.23 Acres
Price / SF$111.37
Days on Market52
Property Features for 1321 St Johns Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
Out of County
Parking features
Paved or Surfaced
Interior features
FirstFloorEntry
Standard status
Active
APN
160718 / 2
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1717
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Vinyl, Concrete
Building materials
Brick, Block, Concrete
Roof type
Metal
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 726-6668
Listed By:
Richard Fernley · License #3602811
(352) 464-2664
Added: Jun 8
Changed: Jul 29
Last Checked: Jul 29 at 3:06PM
MLS# 855355
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Recently renovated commercial flex building combining office/showroom and warehouse/shop space, with functional drive-in access through oversized sliding industrial doors for ground-level loading. The property includes a secure concrete block room suitable for workspace or storage, and a new TPO roof installed on the front portion of the building in 2025. Parking is available in a combination concrete and asphalt area adjacent to the warehouse access point, with additional unpaved parking and storage areas accessed via a concrete apron along the north and east sides of the building.
The building offers approximately 200 feet of highly visible corner frontage along historic St Johns Avenue, a primary commercial corridor in Palatka. FDOT traffic counts for 2025 include 8,100 AADT along St Johns Avenue and approximately 25,500 AADT along the nearby US 17/SR 100 corridor. The property is located in the City of Palatka’s C-2 Intensive Commercial Zoning District.
C-2 zoning accommodates a range of commercial uses, including retail, automotive, contractor and service uses, restaurant, laundromat, warehouse and light manufacturing. The property’s history includes more than 50 years of operation by Bennett Glass, supporting long-term usability for business operations.
The building offers approximately 200 feet of highly visible corner frontage along historic St Johns Avenue, a primary commercial corridor in Palatka. FDOT traffic counts for 2025 include 8,100 AADT along St Johns Avenue and approximately 25,500 AADT along the nearby US 17/SR 100 corridor. The property is located in the City of Palatka’s C-2 Intensive Commercial Zoning District.
C-2 zoning accommodates a range of commercial uses, including retail, automotive, contractor and service uses, restaurant, laundromat, warehouse and light manufacturing. The property’s history includes more than 50 years of operation by Bennett Glass, supporting long-term usability for business operations.
Key Highlights
- Recently renovated 2,110 SF commercial flex building with office/showroom and warehouse/shop space.
- Approximately 200 ft of highly visible corner frontage on historic St Johns Avenue, near the US 17/SR 100 corridor.
- FDOT 2025 traffic counts: 8,100 AADT on St Johns Avenue and approximately 25,500 AADT on US 17/SR 100.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $16.80 |
| − Vacancy | −$2.8k | −$1.31 |
| EGI | $32.7k | $15.49 |
| − OpEx | −$11.4k | −$5.42 |
| NOI | $21.2k | $10.07 |
2,110 SF · lease $16.80/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$419.9K
$367.4K – $489.9K
NOI $29,392 @ 7.0% cap · market cap 12.51%
Second Best
Office B
$392.2K
$343.2K – $457.6K
NOI $27,454 @ 7.0% cap · market cap 11.68%
Theoretical Best
Office A
$549.5K
$480.8K – $641.1K
NOI $38,465 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex building with office/showroom and warehouse/shop space plus oversized sliding doors and 200 ft corner frontage.
Where is this flex space located?
The property is located at 1321 St Johns Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Recently renovated 2,110 SF commercial flex building with office/showroom and warehouse/shop space.; Approximately 200 ft of highly visible corner frontage on historic St Johns Avenue, near the US 17/SR 100 corridor.; FDOT 2025 traffic counts: 8,100 AADT on St Johns Avenue and approximately 25,500 AADT on US 17/SR 100.
