Coffee & Wine Bar with
3323 SAINT JOHNS AVENUE Palatka, FL 32177
New
3323 SAINT JOHNS AVENUE, Palatka, FL, 32177
$235,000
For Sale
$235,000
Updated coffee and wine bar with outdoor patio, fenced backyard, and prominent illuminated sign frame.
Property Size1,003 SF
Price / SF$234.30
Days on Market5
Property Features for 3323 SAINT JOHNS AVENUE
General Information
- Standard status
- Active
- Size
- 1,003 SF
- Property subtype
- Restaurant
Building Details
- Year Built
- 1950
Listing Agency
KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG)
(904) 797-7442
Listed by
Frank Perez-Andreu · License #3299624
Source
Miharaandassociates
Added: Jul 15 Checked: Jul 19 at 1:56 am
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 KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG)
Investment Insights
Based on property information with market context.
This property operates as a coffee and wine bar and includes a welcoming outdoor patio and a fenced backyard. Recent updates are in place to the electrical system, kitchen, bathrooms, HVAC system, and tankless water heater, supporting ongoing operations or a future refresh for a new concept. Additional amenities include a wired security system and exterior security lighting, along with a large, illuminated steel sign frame designed to support business signage.
The property is located along one of Palatka’s busiest streets in the heart of the historic riverfront community. It is zoned C-1A Neighborhood Commercial, which allows for a variety of approved commercial uses, including professional or business offices, service establishments, and medical or dental offices, as well as other permitted commercial purposes. Conveniently situated along the St. Johns River corridor, it sits within a market that has ongoing private investment, infrastructure improvements, and downtown revitalization.
With its flexible neighborhood commercial zoning and recent building systems updates, this is well suited for an owner-user seeking an operational footprint or a business/investment buyer looking for a readily functioning hospitality-style setup.
The property is located along one of Palatka’s busiest streets in the heart of the historic riverfront community. It is zoned C-1A Neighborhood Commercial, which allows for a variety of approved commercial uses, including professional or business offices, service establishments, and medical or dental offices, as well as other permitted commercial purposes. Conveniently situated along the St. Johns River corridor, it sits within a market that has ongoing private investment, infrastructure improvements, and downtown revitalization.
With its flexible neighborhood commercial zoning and recent building systems updates, this is well suited for an owner-user seeking an operational footprint or a business/investment buyer looking for a readily functioning hospitality-style setup.
Key Highlights
- C‑1A Neighborhood Commercial zoning with approval for a range of commercial uses including offices, service establishments, and medical or dental offices
- Currently operated as a coffee and wine bar
- Recent updates include electrical system, kitchen, bathroom, HVAC system, and tankless water heater
Local Financial Insights For Specialty 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 | $15.6k | $15.60 |
| − Vacancy | −$814 | −$0.81 |
| EGI | $14.8k | $14.79 |
| − OpEx | −$3.7k | −$3.70 |
| NOI | $11.1k | $11.09 |
1,003 SF · lease $15.60/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$158.9K
$139.1K – $185.4K
NOI $11,125 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.2K
$228.6K – $304.8K
NOI $18,285 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- This & That Café — 700 St Johns Ave, Palatka, FL 32177
FAQs
What type of property is this?
Coffee shop - Updated coffee and wine bar with outdoor patio, fenced backyard, and prominent illuminated sign frame.
Where is this coffee shop located?
The property is located at 3323 SAINT 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: C‑1A Neighborhood Commercial zoning with approval for a range of commercial uses including offices, service establishments, and medical or dental offices; Currently operated as a coffee and wine bar; Recent updates include electrical system, kitchen, bathroom, HVAC system, and tankless water heater
