227 Hwy, East Palatka, FL 32131
This exceptional 48,351.6 square foot vacant land parcel presents a unique investment opportunity in East Palatka, Florida. Boasting over 100 feet of frontage on the picturesque St. Johns River, this property offers stunning river views and a tranquil wooded setting. The lot is zoned C-2 and AG, providing flexibility for a variety of commercial and agricultural uses. Its strategic location near the intersection of Highway 17 and State Road 207 ensures convenient access to St. Augustine and other key areas. Public utilities are available, although not currently connected to the property. A significant advantage is the inclusion of a deeded access and parking agreement on state-owned land, simplifying logistics and access. The asking price for this remarkable property is $649,000. This is an exceptional opportunity to acquire a substantial riverfront parcel with significant development potential in a rapidly growing area. The property's size and zoning offer a wide range of possibilities for discerning investors and developers. Don't miss this chance to secure a piece of prime Florida real estate. The address is 227 S. Highway 17, East Palatka, FL 32131.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.