203 LAUREL STREET Palatka, FL 32177

This unique opportunity is situated in the heart of Palatka's historic commercial district, adjacent to a public city parking lot. The property, with over 2,991 Sq Ft lot size, is currently home to a hair salon, though the business itself is not included in the sale. The diverse zoning allows for a variety of uses including office space, retail, galleries, or residential development. This property presents an excellent investment opportunity for those seeking a turnkey commercial space. For developers, the property holds tremendous potential for redevelopment as zoning potentially allows for a height of up to 60ft. Its highest and best use could involve adding additional levels, creating the possibility for vertical expansion and stunning views of the nearby river, perfect for mixed-use development such as office, retail, or residential units. Whether you're an investor, a developer, or a business owner looking to establish a presence in this historic district, this property offers significant potential for growth and long-term success. Development opportunities include standards for commercial uses with unrestricted minimum lot area, a minimum lot width of 25 feet, and a maximum building or structure height of 60 feet. For residential uses, new residential units shall be above the first floor for buildings fronting on St. Johns Avenue as secondary to a permitted use and shall be complete residential dwelling units as defined by the Florida Building Code. Maximum density is 20 units per acre. Minimum living area for single family dwelling units is 1,200 square feet.