Palatka Commercial Land For
For Sale
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7351 -7353 CRILL Avenue, Palatka, FL 32177
Commercial land with two buildings, ideal for offices or retail.
Property Size756 SF
Lot Size0.72 Acres
Price / SF$330.56
Days on Market980
Property Features for 7351 -7353 CRILL Avenue
General Information
Standard status
Active
Size
756 SF
Lot size
0.72 Acres
Property subtype
Land, Business for Sale
Building Details
Year Built
1953
Listing Agency:
Century 21 Beckham Realty
Listed By:
Tedra Beckham · License #499506
Source:
Crexi
Added: Feb 2, 2024
Changed: Oct 7
Last Checked: Oct 7 at 12:48PM
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 Century 21 Beckham Realty
Investment Insights
Based on property information with market context.
Two buildings, currently used for residential purposes, are situated on a 0.72-acre parcel zoned C-2 in the City of Palatka. The property offers 160 feet of frontage on 4-Lane Crill Avenue/State Road 20, making it suitable for offices or small retail shops. The listing includes 7353 Crill Ave, which features a 441 sq ft house also zoned C2 and currently used as residential. Additionally, 7355 Crill Avenue, an adjoining parcel, is available for sale. Each parcel has its own septic tank, and a shared well is located on the 7351 Crill Ave parcel. Current leases are month to month. The total tax amount for both parcels is $1860. The property size is 756 square feet. Measurements are estimated.
Key Highlights
- Zoned C‑2, ideal for offices or small retail shops.
- Located on 4‑Lane Crill Avenue/ State Rd. 20 with 160 ft. frontage.
- Two buildings included on .72 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,837
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,740
$196.7K
Cap Rate 7%
$140,529
$140.5K
Cap Rate 9%
$109,300
$109.3K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$16.6K $21.96/SF
− Vacancy
−$3.5K −$4.61/SF
EGI
$13.1K $17.35/SF
− OpEx
−$3.3K −$4.34/SF
NOI
$9.8K $13.01/SF
Area
Putnam County, FL
Vacancy
21.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,740
Cap Rate 7%
$140,529
Cap Rate 9%
$109,300
Alternative Uses
Best Use
Office B
$140.5K
$123.0K – $164.0K
NOI $9,837 @ 7.0% cap · market cap 3.94%
Second Best
Retail
$108.8K
$95.2K – $127.0K
NOI $7,618 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$196.9K
$172.3K – $229.7K
NOI $13,782 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with two buildings, ideal for offices or retail.
Where is this commercial land located?
The property is located at 7351 -7353 CRILL Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Zoned C‑2, ideal for offices or small retail shops.; Located on 4‑Lane Crill Avenue/ State Rd. 20 with **160 ft. frontage.**; Two buildings included on .72 acres.
