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    2413 Crill Ave Palatka, FL 32177

    For Sale
    $650,000

    High-yield, multi-tenant office complex

    Property size:
    8,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity in Palatka, Florida, presents a multi-tenant office complex situated on a 0.56-acre lot at 2413 Crill Ave, zip code 32177. This property boasts a total of 8,530 square feet, strategically located on heavily traveled Crill Avenue/Highway 20, ensuring high visibility and accessibility. The complex comprises four units, all currently leased to long-term tenants: H&R Block, The Church of God, and Carter's Music Center. Unit 2413, encompassing 4,750 square feet, features two bathrooms (one ADA compliant), a break room with a sink, and a private storage room, currently leased for $1,575 per month. Unit 2415, measuring 1,380 square feet, includes one bathroom and a rear storage room, leased for $450 per month. Units 2417 and 2419, totaling 2,400 square feet, are occupied by a single tenant and feature four private rooms and two offices, leased for $1,300 per month. The property benefits from city water and sewer services, fenced rear parking with front and rear gates, and convenient access from both Crill Avenue/Highway 20 and President Street. Additional parking is available in front and on the side of the building. Roofs are less than 10 years old, with Unit 2413's roof installed in October 2015 (warranty until May 2031) and the remaining units' roofs installed in June 2016. The asking price for this lucrative investment is $650,000. An adjacent portion of the strip center is also available for purchase.

    Property Features for 2413 Crill Ave

    General Information

    Property type
    Land
    Square Feet
    8,530 SF
    Lot Size
    24,394 SF

    HighLights

    • $650,000 asking price for a commercial property in Palatka, FL.
    • 8,530 square foot office building on a 0.56‑acre lot.
    • Four‑unit strip center with long‑term tenants, including H&R Block, The Church of God, and Carter's Music Center.
    • Located on heavily traveled Crill Ave/Hwy 20 with access from President St.
    • Roofs are less than 10 years old, with warranties on some units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6548594
    Latitude
    29.6418775

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    FAQs

    What type of property is this?
    Land - High-yield, multi-tenant office complex
    Where is this land located?
    The property is located at 2413 Crill Ave Palatka, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price for a commercial property in Palatka, FL.; 8,530 square foot office building on a 0.56-acre lot.; Four-unit strip center with long-term tenants, including H&R Block, The Church of God, and Carter's Music Center.
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    2413 Crill Ave 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
    2413 Crill Ave Palatka, FL 32177
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