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2401 Crill Ave Palatka, FL 32177

For Sale
$649,000

High-Yield Restaurant Property, Prime Location

Property size:
6,164 SF

Description

Added:
Feb 3, 2025
Days on Market:
311
This exceptional investment opportunity presents a fully renovated, two-unit commercial building situated on a prominent 0.53-acre corner lot in Palatka, Florida. The property boasts 6,164 square feet, with over 4,144 square feet currently leased to a thriving cafe/restaurant operation under a long-term lease with nine years remaining. This provides immediate and substantial rental income of $4,000 per month. The building features a fully equipped commercial kitchen, perfect for food service businesses, and three ADA-compliant restrooms, ensuring accessibility for all patrons. Recent renovations include fresh paint, new flooring, a brand-new walk-in cooler, and a resurfaced parking lot, significantly enhancing the property's appeal and functionality. The C-2 zoning allows for a variety of commercial uses, providing flexibility for future tenants or potential expansion. Located on a busy thoroughfare, this property benefits from high visibility and significant foot traffic, guaranteeing consistent customer flow for the current tenants and future occupants. This turnkey operation offers a rare combination of strong rental income, a long-term lease, and a prime location, making it an ideal investment for discerning buyers seeking a stable and profitable venture. The property's recent upgrades minimize immediate capital expenditure needs, allowing for a smooth transition and immediate return on investment.

Property Features for 2401 Crill Ave

General Information

Property type
Other commercial real estate
Square Feet
6,164 SF
Lot Size
23,087 SF

Building Details

Year Built
1964

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Jho Jho’s Diner Family Restaurant Lori's Diner

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Palatka
County
Putnam
State
Florida
Longitude
-81.65409
Latitude
29.64218

FAQs

What type of property is this?
Commercial real estate - High-Yield Restaurant Property, Prime Location
Where is this commercial real estate located?
The property is located at 2401 Crill Ave Palatka, FL.
What is the asking price?
The asking price for this property is $649,000.
More about this property
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