1173 Hwy Satsuma, FL 32189
This exceptional mixed-use property presents a rare investment opportunity in the burgeoning Satsuma, Florida market. Located at 1173 Highway 17, this commercially zoned property boasts a substantial 32,234.4 square foot lot with 131 feet of prime highway frontage. The main structure is a historic Victorian home, built in 1900, offering approximately 3,000 square feet of space ripe for renovation or repurposing. Its age and architectural details offer unique charm and character, perfect for a boutique hotel, restaurant, or other creative commercial venture. Adding to the property's versatility is a large 30' x 40' steel building, providing ample space for storage, workshops, or additional commercial uses. Situated just minutes from Welaka and south of Palatka, this property benefits from its convenient location in a rapidly developing area. The asking price is $350,000, representing a significant value for the size, location, and potential of this unique property. Don't miss this chance to acquire a piece of Satsuma's history and capitalize on its promising future. The property's zoning and highway frontage make it ideal for a variety of commercial uses, while the existing structures offer a solid foundation for development. This is a truly exceptional opportunity for an investor seeking a high-impact project with significant upside.
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.