117 3Rd St Palatka, FL 32177
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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