0 State Road 20, Palatka, FL 32177
This exceptional 343.54-acre tract in Putnam County, Florida, presents a unique investment opportunity. Priced at $2,748,320 ($8,000/acre), it boasts 91% merchantable planted pine plantations. Conveniently located just three miles west of Palatka, the property enjoys approximately ¾ mile of frontage on State Road 20, placing it in a rapidly growing area. Proximity to major amenities like Walmart, HCA Hospital, and Publix enhances its appeal. The mostly upland terrain offers diverse development potential, including single and multi-family housing or even a solar farm, given its proximity to 230 KV SECI power lines. Adjacent to the Rice Creek Conservation Area, a conservation easement is also a possibility. The property's AG2 zoning provides flexibility for future uses. Parcel numbers are 13-10-25-0000-0010-0000 and 18-10-26-0000-0060-0020. This prime location and versatile land make it an attractive investment for both recreational and commercial pursuits. Don't miss this chance to own a piece of Florida's burgeoning landscape.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.