Highway Frontage Commercial
462 N HIGHWAY 17, Palatka, FL 32177
Commercial land with highway frontage and workshop near Jacksonville.
Type:Commercial/Industrial
Property size:
5,280 SFLot size:
6.64 AcresPrice / SF:
$189/SF- Added:
- Mar 13, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 10:01 pm
Property Features for 462 N HIGHWAY 17
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Lot size
- 6.64 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1945
Listing agent MARC SPALDING License #0475517
Listing office COLDWELL BANKER BEN BATES INC (386) 328-6716
Listing date Mar 13, 2026
Source Exitrealty
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 COLDWELL BANKER BEN BATES INC
HighLights
- High‑traffic location with approximately 386 ft of frontage on Highway 17
- Large 6.5+ acre lot with development potential
- Existing 5,200+ sqft workshop on the property
- Zoned C‑2 with potential for industrial use
- Proximity to Georgia Pacific and Seminole Electric
- Easy commute to Jacksonville and close to proposed western beltway
Overview
This commercial property features approximately 386 feet of frontage on a heavily traveled four-lane highway. The property spans over 6.5 acres and includes a 5,200+ square foot workshop, a well, and a septic system. It is located adjacent to railroad tracks and is currently zoned C-2, with potential for industrial use. The location is near Georgia Pacific and Seminole Electric, offering an easy commute to Jacksonville and proximity to the proposed western beltway around Jacksonville. The property is located in Palatka, Florida.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$673.0K
NOI $60,569 @ 9.00% cap · cautious / downside scenario
Moderate
$865.3K
NOI $60,569 @ 7.00% cap · market / base-case scenario
Aggressive
$1.21M
NOI $60,569 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.6k | $17.16 |
| − Vacancy | −$4.1k | −$0.77 |
| EGI | $86.5k | $16.39 |
| − OpEx | −$26.0k | −$4.92 |
| NOI | $60.6k | $11.47 |
5,280 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$865.3K
$757.1K – $1.01M
NOI $60,569 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,254 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Palatka
- County
- Putnam
- State
- Florida
- Longitude
- -81.6614
- Latitude
- 29.6919
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Commercial land with highway frontage and workshop near Jacksonville.
Where is this commercial land located?
The property is located at 462 N HIGHWAY 17 Palatka, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High‑traffic location with approximately 386 ft of frontage on Highway 17; Large 6.5+ acre lot with development potential; Existing 5,200+ sqft workshop on the property
