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Highway Frontage Commercial Land

462 N HIGHWAY 17, Palatka, FL 32177

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For Sale

$1,000,000

Commercial land with highway frontage and workshop near Jacksonville.

Type:Commercial/Industrial

Property size:

5,280 SF

Lot size:

6.64 Acres

Price / SF:

$189/SF

HighLights

High‑traffic location with approximately 386 ft of frontage on Highway 17
Large 6.5+ acre lot with development potential
Existing 5,200+ sqft workshop on the property
Zoned C‑2 with potential for industrial use
Proximity to Georgia Pacific and Seminole Electric
Easy commute to Jacksonville and close to proposed western beltway

We can help!

Listing Contact

MARC SPALDING

For Sale

$1,000,000

Commercial land with highway frontage and workshop near Jacksonville.

Type:Commercial/Industrial

Property size:

5,280 SF

Lot size:

6.64 Acres

Price / SF:

$189/SF

Added:: Jan 20, 2025
Days on Market:: 517
Last Refresh:: May 19 at 11:21 pm

Property Features for 462 N HIGHWAY 17

General Information

Standard status: Active
Size: 5,280 SF
Lot size: 6.64 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1945

We can help!

Listing Contact

MARC SPALDING

Listing agent MARC SPALDING License #0475517

Listing office COLDWELL BANKER BEN BATES INC

Listing date Jan 20, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER BEN BATES INC

HighLights

High‑traffic location with approximately 386 ft of frontage on Highway 17
Large 6.5+ acre lot with development potential
Existing 5,200+ sqft workshop on the property
Zoned C‑2 with potential for industrial use
Proximity to Georgia Pacific and Seminole Electric
Easy commute to Jacksonville and close to proposed western beltway

Overview

This commercial property features approximately 386 feet of frontage on a heavily traveled four-lane highway. The property spans over 6.5 acres and includes a 5,200+ square foot workshop, a well, and a septic system. It is located adjacent to railroad tracks and is currently zoned C-2, with potential for industrial use. The location is near Georgia Pacific and Seminole Electric, offering an easy commute to Jacksonville and proximity to the proposed western beltway around Jacksonville. The property is located in Palatka, Florida.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$90.6k	$17.16
− Vacancy	−$4.1k	−$0.77
EGI	$86.5k	$16.39
− OpEx	−$26.0k	−$4.92
NOI	$60.6k	$11.47

5,280 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Industrial

$865.3K

$757.1K – $1.01M (±1% cap)

NOI $60,569 @ 7.0% cap · market cap 6.06%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.38M

$1.20M – $1.60M (±1% cap)

NOI $96,254 @ 7.0% cap · market cap 9.63%

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Palatka
County: Putnam
State: Florida
Longitude: -81.6614
Latitude: 29.6919

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For sale
Commercial land
FL
Palatka
32177
462 N HIGHWAY 17

What type of property is this?

Commercial land - Commercial land with highway frontage and workshop near Jacksonville.

Where is this commercial land located?

The property is located at 462 N HIGHWAY 17 Palatka, FL.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: High‑traffic location with approximately 386 ft of frontage on Highway 17; Large 6.5+ acre lot with development potential; Existing 5,200+ sqft workshop on the property