105 Power Line Rd, East Palatka, FL 32131
This exceptional 2.77-acre commercial property in East Palatka, Florida, presents a unique investment opportunity. Strategically located at the busy intersection of State Road 207 and Cracker Swamp Road, approximately 20 minutes from I-95, this property boasts high visibility and accessibility. Currently zoned AG, the future land use plan allows for commercial zoning, unlocking significant development potential. The property is fully fenced and offers extensive road frontage: approximately 548 feet on State Road 207, 379 feet on Cracker Swamp Road, and 578 feet on Power Line Road. A substantial metal warehouse, exceeding 13,000 square feet, is included. This comprises 6,394 square feet of enclosed space and 6,731 square feet of covered open area. Adding to its versatility, the property also features a 1,855-square-foot, three-bedroom, two-bathroom concrete block home, complete with a screened-in inground pool and a two-car garage. Public utilities are readily available. The property's proximity to two recently approved Putnam County developments further enhances its value and future prospects. This is a rare chance to acquire a large, versatile property in a rapidly developing area. The asking price is $1,250,000.
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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No recorded transactions found for this property.
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Risks
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