Coffee & Wine Bar with
For Sale
$235,000
3323 SAINT JOHNS AVENUE, Palatka, FL 32177
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 Market51
Property Features for 3323 SAINT JOHNS AVENUE
General Information
Standard status
Active
Size
1,003 SF
Property subtype
Restaurant
Zoning
C-1A
Additional Details
Business Included
Yes
Fenced Yard
Yes
Amenities
0.24 acres, Dimensions: 80x140
Metal
Additional parcels description:, Parcel Number: 11-10-26-0000-0122-0000, Public Survey Range: 26E, Public Survey Section: 11, Annual Amount: $1,751.19, Legal Description: PT OF NE1/4 OF NE1/4 OR198 P315(EX MCCBK15 P485), Year: 2025
Central Air
Listing ID: MFRFC319977, Standard Status: Active, MLS Status: Active, Property Subtype: Restaurant, On market as of 2026-07-15, 1 day on market, Special Conditions: None
Built in 1950, Living area: 1003, Living area units: Square Feet, Construction Materials: Frame, Wood Siding
MLS Area (Major): 32177 - Palatka, County/Parish: Putnam
Crawlspace
Close Of Escrow
Frontage Type: State Road, Road Surface: Paved
Building Details
Year Built
1950
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS (ST. AUG)
(904) 797-7442
Listed By:
Frank Perez-Andreu · License #3299624
(904) 501-9896
Source:
Miharaandassociates
Added: Jul 15
Changed: Sep 2
Last Checked: Sep 2 at 5:34PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,500
$222.5K
Cap Rate 7%
$158,929
$158.9K
Cap Rate 9%
$123,611
$123.6K
Market Conditions
NOI Build-Up for 1,003 SF
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.
Gross rent
$15.6K $15.60/SF
− Vacancy
−$814 −$0.81/SF
EGI
$14.8K $14.79/SF
− OpEx
−$3.7K −$3.70/SF
NOI
$11.1K $11.09/SF
Area
Putnam County, FL
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,500
Cap Rate 7%
$158,929
Cap Rate 9%
$123,611
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Well-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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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
