C2-Zoned Brick Commercial
225 N 2nd St Palatka, FL 32177
For Sale
$160,000
Brick building with 1,272 sq ft C2-zoned space, updated electrical, and two bathrooms with city water and sewer.
Property Size1,272 SF
Price / SF$125.79
Days on Market90
Property Features for 225 N 2nd St
General Information
- Standard status
- Active
- Size
- 1,272 SF
Listing Agency:
TIMBER TO TIDES REALTY LLC
(386) 937-7931
Listed By:
TAYLOR DOUGLAS · License #3169293
(386) 937-7931
Source:
Exprealty
Added: Apr 27
Changed: Jul 24
Last Checked: Jul 24 at 3:44PM
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 TIMBER TO TIDES REALTY LLC
Investment Insights
Based on property information with market context.
Brick commercial building in downtown Palatka offering 1,272 sq ft of C2-zoned space. The property is currently configured with a solid interior layout and features updated electrical and two bathrooms.
City water and sewer are already in place. The building was formerly used as a church, and the existing arrangement may be adaptable for a range of retail, office, or service-based business uses under the C2 zoning.
For buyers seeking a downtown Palatka commercial building with utilities and core systems already addressed, this is a straightforward, ready-to-plan option in a growing downtown setting.
City water and sewer are already in place. The building was formerly used as a church, and the existing arrangement may be adaptable for a range of retail, office, or service-based business uses under the C2 zoning.
For buyers seeking a downtown Palatka commercial building with utilities and core systems already addressed, this is a straightforward, ready-to-plan option in a growing downtown setting.
Key Highlights
- Brick commercial building in downtown Palatka with 1,272 sq ft of C2‑zoned space
- Formerly used as a church; layout could support a variety of business uses
- Updated electrical
Financial Insights For Retail
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 | $20.3k | $15.96 |
| − Vacancy | −$2.0k | −$1.56 |
| EGI | $18.3k | $14.40 |
| − OpEx | −$5.5k | −$4.32 |
| NOI | $12.8k | $10.08 |
1,272 SF · lease $15.96/SF/yr · vacancy 9.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$236.4K
$206.9K – $275.8K
NOI $16,550 @ 7.0% cap · market cap 10.34%
Second Best
Retail
$183.1K
$160.2K – $213.6K
NOI $12,818 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$331.3K
$289.9K – $386.5K
NOI $23,188 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Liberty Baptist Church
Church
FAQs
What type of property is this?
Retail space - Brick building with 1,272 sq ft C2-zoned space, updated electrical, and two bathrooms with city water and sewer.
Where is this retail space located?
The property is located at 225 N 2nd St Palatka, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Brick commercial building in downtown Palatka with 1,272 sq ft of C2‑zoned space; Formerly used as a church; layout could support a variety of business uses; Updated electrical
