621 St Johns Ave Palatka, FL 32177
This exceptional commercial property, located at 621 St. Johns Avenue in Palatka, Florida, presents a unique investment opportunity. Built in 1923 and completely renovated, this 2,573 square foot office building boasts a prime location in the heart of the downtown business district, offering excellent visibility along St. Johns Avenue, the main route for local parades and festivals. The extensive renovation includes brand-new HVAC systems and ductwork, drywall walls and ceilings, electrical, plumbing, fixtures, two ADA-compliant bathrooms, paint, flooring, recessed LED and sconce lighting, and Cat6E data cabling—all completed by licensed contractors and approved by Putnam County. The building features high ceilings and numerous transom windows, providing abundant natural light throughout, particularly in the large front conference/display room with 17-foot ceilings. A dedicated AC unit serves the current server room. Five private parking spaces are located in the rear, accessible via a private entrance. The property sits on a 6,534 square foot lot and is just blocks from the Putnam County Courthouse and the St. Johns River. The asking price is $499,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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