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Property profile & analytics
OFF-MARKET
Mixed-use properties

117 3Rd St Palatka, FL 32177

3,240 SF Built 1884
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 117 S 3RD Street in Palatka, Florida, presents a unique investment opportunity. The 3,240 square foot building, constructed in 1884, sits on an 11,325.6 square foot lot – nearly a quarter acre – in the South Historic District, just one block from the St. Johns River and downtown Palatka. Boasting 12-foot ceilings and newly installed oak hardwood floors throughout, the property features three oversized rooms/bedrooms and two recently renovated bathrooms. The adaptable layout is ideal for a variety of commercial uses, including a restaurant, coffee shop, retail store, or Airbnb. A fully equipped open kitchen, complete with a chef's table and professional gas range, is ready for immediate use. Additional amenities include an enclosed porch, a fenced backyard with fruit trees, and a Tesla charging station. Twenty or more public parking spaces are conveniently located nearby. The property also offers potential for additional living space in the full attic. The asking price is $630,000. This property is zoned commercial by exception.

Property profile
Verified
Property type Mixed-use properties
Year built 1884
Total area 3,240 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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