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    340 Kay Larkin Dr Palatka, FL 32177

    For Sale
    Contact for pricing

    Prime Palatka development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This 4.2-acre commercial land parcel in Palatka, Florida, presents a unique investment opportunity. Zoned C-2, the property is previously engineered, entitled, and permitted for up to 50,000 square feet of medical office space, making it ideal for developers or end-users seeking expansion in this growing market. Its strategic location less than one mile from HCA Florida Putnam Hospital positions it perfectly to serve the needs of a burgeoning retirement community and the ancillary medical services they require. The site boasts convenient access to all utilities, situated just one mile north of HCA Florida Putnam Hospital and one mile west of St. Johns River State College. Furthermore, its proximity to major northeast Florida points of interest within an hour's drive enhances its appeal. Significant local infrastructure improvements are underway, including a $1 million investment in the Palatka Municipal Airport and future expansion of the Port of Palatka. The area is experiencing substantial growth, fueled by a planned $146 million-plus riverfront entertainment district ten minutes to the east and a new 5,200-acre Bass Pro Shops wilderness and hunting resort to the south. This influx of new residents and businesses creates a strong foundation for future development and significant return on investment. The property's location within Putnam County, Florida, and its zip code is 32177. The address is 340 Kay Larkin Dr, Palatka, FL.

    Property Features for 340 Kay Larkin Dr

    General Information

    Property type
    Land
    Lot Size
    182,952 SF

    HighLights

    • Utilities readily available on‑site.
    • Excellent location: one mile from HCA Florida Putnam Hospital and one mile from St. Johns River State College.
    • Easy access to major Northeast Florida attractions within one hour.
    • Benefiting from $1M Palatka Municipal Airport improvements and planned Port of Palatka expansion.
    • Proximity to a planned $146M riverfront entertainment district and a 5,200‑acre resort development.
    • Strong population growth anticipated from Northeast Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.69297
    Latitude
    29.651683

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    FAQs

    What type of property is this?
    Land - Prime Palatka development opportunity.
    Where is this land located?
    The property is located at 340 Kay Larkin Dr Palatka, FL.
    What are key features of this property?
    This property features: Utilities readily available on-site.; Excellent location: one mile from HCA Florida Putnam Hospital and one mile from St. Johns River State College.; Easy access to major Northeast Florida attractions within one hour.
    (904) 404-1151
    Request Owner's contact information
    340 Kay Larkin Dr 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
    340 Kay Larkin Dr Palatka, FL 32177
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