Technical
Financial
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Property profile

0 Hoover Rd Palatka, FL 32177

OFF-MARKET
Land
2657 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: 2,657 acres of prime hunting and timberland in Putnam County, Florida, near Palatka. This property boasts 74% uplands with productive timber soils, featuring well-managed merchantable and pre-merchantable planted slash pine situated in a strong timber market. A conservation easement protects 2,293 acres, preserving the natural beauty while leaving 264 acres unencumbered. The unencumbered acreage includes a 1,176 sq ft, three-bedroom, one-bathroom camp house with a screened porch, an equipment shed, a detached bathhouse/restroom, and hookups for RVs/campers. Enjoy abundant recreational opportunities, including hunting, with numerous wood roads and trails ideal for ATVs/UTVs and horseback riding. Conveniently located within 25 miles of Gainesville and the University of Florida, 15 miles from Palatka and the St. Johns River, and approximately an hour from Jacksonville and the Atlantic beaches. The property is zoned Agriculture/A2. Asking price is $5,600,000, with a land value of $2,108 per acre. This is a unique blend of conservation and development potential, making it an ideal investment for discerning buyers.

Property profile

Verified
Property type Land
Lot 2657 ac (115,738,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hoover Rd Palatka, FL 32177
Palatka metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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