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    945 Highway 17 Palatka, FL 32177

    For Sale
    $39,000,000

    3,425 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 3,425-acre development site in Putnam County, Florida, presents a unique investment opportunity. Strategically located on Highway 17 between Green Cove Springs and Palatka, this property boasts 6200 feet of highway frontage and benefits significantly from the ongoing $2 billion Outer Beltway project, connecting Clay and Putnam Counties to Jacksonville's major employment centers and the Durbin Park Plaza. Completion of the Outer Beltway and the new Shands Bridge is anticipated by 2029-2030, unlocking significant growth potential. The site's proximity to Palatka (6 miles) provides access to essential services including HCA Florida Putnam Hospital and retail amenities. Surrounded by timberland and adjacent to 1,670 acres of Putnam County land, this property is ideally suited for a master-planned development, with county support indicated. The area is experiencing substantial growth, fueled by the development of a major golf and fishing resort by Bass Pro Shops and the "Trail Hub" designation for Putnam County, centered around the nearly complete Lake Butler to St. Augustine Rails-to-Trails project. The property is zoned IN & AG-2, with over 300 acres potentially suitable for industrial use. The asking price is $39,000,000, translating to $11,387 per acre. The property's address is 945 Highway 17, Palatka, FL 32177, with multiple APNs.

    Property Features for 945 Highway 17

    General Information

    Property type
    Land
    Lot Size
    149,193,000 SF

    HighLights

    • 13 miles south of the new Outer Beltway & Shands Bridge.
    • 6,200 feet of highway frontage on Hwy 17.
    • County support for master‑planned development.
    • Over 300 acres of industrial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop HVAC Service Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6438773
    Latitude
    29.7523781

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    FAQs

    What type of property is this?
    Land - 3,425 Acres, Prime Location
    Where is this land located?
    The property is located at 945 Highway 17 Palatka, FL.
    What is the asking price?
    The asking price for this property is $39,000,000.
    What are key features of this property?
    This property features: 13 miles south of the new Outer Beltway & Shands Bridge.; 6,200 feet of highway frontage on Hwy 17.; County support for master-planned development.
    (904) 421-8530
    Request Owner's contact information
    945 Highway 17 Palatka, FL 32177
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    Palatka, FL 32177
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    945 Highway 17 Palatka, FL 32177
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