Multi-Building Retail and Flex
110 N State Road 19 Palatka, FL 32177
110 N State Road 19, Palatka, FL, 32177
$3,000,000
For Sale
$3,000,000
Three contiguous parcels totaling 1.61 acres with retail, warehouse, and a former filling station building.
Property Size13,194 SF
Lot Size1.61 Acres
Price / SF$227.38
Days on Market445
Property Features for 110 N State Road 19
General Information
- Standard status
- Active
- Size
- 13,194 SF
- Lot size
- 1.61 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1964
Listing agency
GREAT EXPECTATIONS REALTY
(904) 823-3456
Listed by
Jena Dennis · License #BK3387473
Source
Xome
Added: May 4, 2025 Updated: Jul 21 at 1:22PM Checked: Jul 21 at 1:22PM
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 GREAT EXPECTATIONS REALTY
Investment Insights
Based on property information with market context.
This for-sale offering consists of three contiguous parcels totaling 1.61 acres, presented as a redevelopment or repurposing site with existing commercial structures. Parcel 1 includes a 0.93-acre improved lot with a 7,918 SF retail building currently used for plumbing and electrical supply. The building features a large reception area, three offices, two bathrooms, a spacious workshop, and ample storage, along with a fenced rear area containing an additional 2,592 SF warehouse and a 420 SF canopy. Parcel 2 is a 0.18-acre vacant lot at the rear of Parcel 1 with no street frontage, adding depth for storage or future layout flexibility.
Parcel 3 is located at 108 N State Road 19 and totals 0.5 acres. It includes a 1,664 SF building that was formerly a filling station, with large roll-up glass doors, prominent front-facing windows, and a 600 SF canopy suitable for automotive, retail, or service-oriented use. The site offers abundant paved parking and prominent street exposure along the State Road 19 and St. Johns Avenue intersection.
Parcel 1 is improved and zoned C-4 Commercial Intensive, while Parcel 3 is zoned C-2 (Commercial, General Light). The sale is real estate only; no business, assets, or equipment will convey, and the existing business will vacate upon sale.
Parcel 3 is located at 108 N State Road 19 and totals 0.5 acres. It includes a 1,664 SF building that was formerly a filling station, with large roll-up glass doors, prominent front-facing windows, and a 600 SF canopy suitable for automotive, retail, or service-oriented use. The site offers abundant paved parking and prominent street exposure along the State Road 19 and St. Johns Avenue intersection.
Parcel 1 is improved and zoned C-4 Commercial Intensive, while Parcel 3 is zoned C-2 (Commercial, General Light). The sale is real estate only; no business, assets, or equipment will convey, and the existing business will vacate upon sale.
Key Highlights
- 3 contiguous parcels totaling 1.61 acres in Palatka, FL, at the intersection of State Road 19 and St. Johns Avenue
- Parcel 1: 0.93‑acre lot with 7,918 SF retail building (zoned C‑4) plus fenced rear area with 2,592 SF warehouse and 420 SF canopy
- Parcel 1 building features large reception area, 3 offices, 2 bathrooms, spacious workshop, and ample storage; operating as plumbing and electrical supply business
Local Financial Insights For Warehouse
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 | $226.4k | $17.16 |
| − Vacancy | −$10.2k | −$0.77 |
| EGI | $216.2k | $16.39 |
| − OpEx | −$32.4k | −$2.46 |
| NOI | $183.8k | $13.93 |
13,194 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.63M
$2.30M – $3.06M
NOI $183,788 @ 7.0% cap · market cap 6.13%
Second Best
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,354 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,526 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three contiguous parcels totaling 1.61 acres with retail, warehouse, and a former filling station building.
Where is this mixed-use property located?
The property is located at 110 N State Road 19 Palatka, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 3 contiguous parcels totaling 1.61 acres in Palatka, FL, at the intersection of State Road 19 and St. Johns Avenue; Parcel 1: 0.93‑acre lot with 7,918 SF retail building (zoned C‑4) plus fenced rear area with 2,592 SF warehouse and 420 SF canopy; Parcel 1 building features large reception area, 3 offices, 2 bathrooms, spacious workshop, and ample storage; operating as plumbing and electrical supply business
