1173 Hwy Satsuma, FL 32189
This exceptional commercial property presents a unique investment opportunity in the burgeoning Satsuma, Florida market. Situated on a 0.74-acre lot with 131 feet of highly visible Highway 17 frontage, this property boasts a substantial 3,000 square foot, 124-year-old Victorian home and a separate 30' x 40' steel building. The commercially zoned land offers unparalleled flexibility, allowing for a diverse range of uses. Imagine transforming the historic Victorian into a boutique hotel, restaurant, or unique retail space, capitalizing on its character and prime location. Alternatively, the existing structures could be repurposed to suit a variety of commercial needs, or even redeveloped entirely. The expansive lot and strategic highway frontage provide ample space for parking, outdoor seating, or additional construction. Located just minutes from Welaka and south of Palatka, this property benefits from its proximity to established communities while enjoying the potential for significant growth in a developing area. The combination of historical charm, ample space, and prime highway visibility makes this a truly remarkable opportunity for an astute investor seeking a high-impact commercial venture. Don't miss the chance to explore the limitless possibilities this property offers.
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
Similar Nearby for Sale
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.