Current Use by Public Records
- Commercial real estate
Property Details for 1196 Hwy
- Year built
- 1970
- Lot size
- 7.06 lot acres
- Property type
- Commercial real estate
Description
This exceptional 7.06-acre commercial property presents a remarkable redevelopment opportunity in Satsuma, Florida. Strategically located at the heavily trafficked intersection of Highway 17 and County Road 309, this C-2 zoned land boasts approximately 586 feet of road frontage and a depth of 145 feet. A survey indicates roughly 2.8 acres of usable land, ideal for a variety of commercial ventures. The property's lakefront position adds significant appeal. Note that a portion of the land, specifically the lakefront area, is zoned AG. Currently, a 1368 square foot mobile home sits on the site. This property benefits from its proximity to Palatka and Welaka, offering easy access to surrounding communities. Highway 17 is slated for expansion to four lanes, with the Florida Department of Transportation (FDOT) having already acquired adjacent road frontage, further enhancing the property's long-term value and potential. This presents a unique chance to capitalize on the growth and increased visibility this infrastructure improvement will bring. The combination of high traffic volume, prime location, and future highway expansion makes this a truly exceptional investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Satsuma
- County
- Putnam
- State
- Florida
- Longitude
- -81.6547
- Latitude
- 29.5525
