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177 Hwy East Palatka, FL 32131

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Estimated value
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Property ID

Property summary

AI-generated overview

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.

Property profile

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Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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