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    164 Hwy East Palatka, FL 32131

    For Lease
    $13 SF/Yr

    Prime East Palatka Retail/Office Opportunity

    Lot size:
    57,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Eastgate Square Plaza, located at 164 Hwy 17 in East Palatka, Florida (32131), presents a unique investment opportunity. This 57,000 square foot plaza offers a variety of single-tenant spaces ideal for creative office uses, retail, or restaurants. Currently, several units are available, ranging in size from 900 square feet to 6900 square feet. One notable space, Unit 15 (6900 sq ft), was previously occupied by a gym. Unit 25 (3084 sq ft), an outparcel, was formerly a bank. Other available units include Unit 16 (900 sq ft), Unit 19 (1800 sq ft), and Unit 24 (3600 sq ft). The plaza boasts a strong tenant mix, including national and regional businesses, and enjoys a highly visible location adjacent to a McDonald's. Under new ownership, Eastgate Square Plaza is undergoing significant improvements, including a new parking lot, updated exterior lighting, and a fresh coat of paint. This revitalization presents a chance to secure space in a thriving commercial center undergoing a complete transformation within Putnam County. The property's strategic location and ongoing upgrades make it an attractive prospect for businesses seeking a modern and well-maintained space in a dynamic East Palatka setting.

    Property Features for 164 Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,000 SF
    Total Rate
    61750

    Unit(s) available at that property

    Space
    Size
    17,000 SF
    Rate per SF
    $18

    HighLights

    • 57,000 square foot plaza in East Palatka, FL (32131) with multiple available units ranging from 900 to 6900 square feet.
    • High‑visibility location on Hwy 17, adjacent to McDonald's.
    • Strong tenant mix including national and regional businesses.
    • Significant renovations underway, including new parking lot, updated lighting, and exterior paint.
    • Available units include a former gym (6900 sq ft), former bank (3084 sq ft outparcel), and other spaces ranging from 900 to 3600 sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    East Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6053475
    Latitude
    29.6455283

    Nearby Comparable

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      East Palatka Retail Space Available

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    Nearby Similar for Lease

    • $1,000 /Mo

      Former Clubhouse with Flexible Terms

      2,200 SF building with land for lease near fairgrounds.
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      East Palatka Retail Space Available

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    FAQs

    What type of property is this?
    Restaurant - Prime East Palatka Retail/Office Opportunity
    Where is this restaurant located?
    The property is located at 164 Hwy East Palatka, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 57,000 square foot plaza in East Palatka, FL (32131) with multiple available units ranging from 900 to 6900 square feet.; High-visibility location on Hwy 17, adjacent to McDonald's.; Strong tenant mix including national and regional businesses.
    Request Owner's contact information
    164 Hwy East Palatka, FL 32131
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    East Palatka, FL 32131
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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
    164 Hwy East Palatka, FL 32131
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