Flex Space with Drive-In
For Sale
$235,000
1321 St Johns Avenue, Palatka, FL 32177
SINGLE_FAMILY - Palatka, FL
Property Size2,110 SF
Lot Size0.23 Acres
Price / SF$111.37
Days on Market59
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
Subdivision
Not on List
Lot features
Cleared, Corner Lot, Flat
Directions
US Hwy 17/SR 101 West, make left onto N. 13th St., make right onto St Johns Ave. Asset is on the left.
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. · Century 21 Real Estate
(352) 726-6668
Listed By:
Richard Fernley · License #3602811
(352) 464-2664
Added: Jun 8
Changed: Jul 29
Last Checked: Aug 5 at 2:06PM
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.
Renovated flex space featuring a combination of office/showroom and warehouse/shop areas in an approximately 2,110 SF building. The layout is supported by oversized sliding industrial doors for drive-in access and ground-level loading, along with a secure concrete block room suitable for workspace or storage. Interior finishes include vinyl and concrete flooring, with window unit(s) for cooling.
The property sits on a 0.23-acre site with approximately 200 feet of highly visible corner frontage along historic St Johns Avenue, a primary Palatka commercial corridor. It is positioned between Palatka’s Central Business District and Midtown and is about one block from the US 17/SR 100 corridor carrying approximately 25,500 AADT (2025 FDOT). The location also benefits from a 2025 FDOT traffic count of 8,100 AADT. Zoning is C-2 Intensive Commercial within the City of Palatka.
Exterior features include a combination concrete and asphalt parking area adjacent to the warehouse access point, plus additional unpaved parking and storage areas accessible via a concrete apron along the north and east sides of the building. Construction is brick, block, and concrete, and the front portion received a new TPO roof in 2025. The building was constructed in 1957 and is served by public water and public sewer.
The property sits on a 0.23-acre site with approximately 200 feet of highly visible corner frontage along historic St Johns Avenue, a primary Palatka commercial corridor. It is positioned between Palatka’s Central Business District and Midtown and is about one block from the US 17/SR 100 corridor carrying approximately 25,500 AADT (2025 FDOT). The location also benefits from a 2025 FDOT traffic count of 8,100 AADT. Zoning is C-2 Intensive Commercial within the City of Palatka.
Exterior features include a combination concrete and asphalt parking area adjacent to the warehouse access point, plus additional unpaved parking and storage areas accessible via a concrete apron along the north and east sides of the building. Construction is brick, block, and concrete, and the front portion received a new TPO roof in 2025. The building was constructed in 1957 and is served by public water and public sewer.
Key Highlights
- Approximately 2,110 SF renovated flex building with office/showroom and warehouse/shop space
- Approximately 200 feet of highly visible corner frontage on St Johns Avenue
- Oversized sliding industrial doors for drive‑in access and ground‑level loading
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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32177, FL
25,380
Population
11,549
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
86%
High-School Grad
226.8 sq mi
ZIP Area
112
Density / Sq Mi
$47,486
Median Household Income
$35,451
Median Earnings
$940
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A renovated flex building with office/showroom plus warehouse/shop space, drive-in access, and C-2 Intensive Commercial zoning.
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: Approximately 2,110 SF renovated flex building with office/showroom and warehouse/shop space; Approximately 200 feet of highly visible corner frontage on St Johns Avenue; Oversized sliding industrial doors for drive‑in access and ground‑level loading
