State Road 19 S Palatka, FL 32177
For Sale
This exceptional Palatka, Florida property presents a prime retail development opportunity. Located at 108 N STATE ROAD 19, this 0.5-acre lot boasts excellent visibility from SR 19 (20,300 AADT) and St. Johns Ave (8,500 AADT), offering approximately 110 feet of frontage. The existing 2,264 square foot building can be renovated or removed to accommodate your vision. The property's strategic location within Putnam County's most desirable retail corridor ensures high traffic counts. Additional adjacent land is available for purchase, providing expansion potential. A current billboard lease generates supplemental income, although the seller retains an opt-out clause. Priced at $1,400,000, this is a rare chance to establish your business in a thriving retail destination. Don't miss this unique opportunity to capitalize on high traffic and secure a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.