177 Hwy, East Palatka, FL 32131
This exceptional 47,916 square foot commercial land parcel presents a unique investment opportunity in East Palatka, Florida. Situated on Highway 17, a four-lane highway, this property boasts a highly desirable location with exceptional visibility and accessibility. The 1.1-acre lot offers approximately 170 feet of highway frontage and 140 feet of river frontage, providing ample space for development. The property is zoned C-2, allowing for a variety of commercial uses. A high bluff provides elevated views and potential for stunning architectural designs. Previous site improvements included a building and slab, which have been removed, leaving a ready-to-develop site with an existing parking lot and driveway. Central water is already stubbed to the property, simplifying infrastructure connections. This prime location in Putnam County's highest traffic area ensures significant exposure and potential for strong returns. The asking price is $749,000. Don't miss this chance to acquire a remarkable commercial property with significant development potential.
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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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.