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    OFF-MARKET
    Warehouses

    110 State Rd 19, Palatka, FL 32177-2442

    7,918 SF 0.93 ac lot Built 1964
    Individually Owned 11-yr Hold Free & Clear
    Property ID
    US18-2769366
    Property summary
    AI-generated overview

    This exceptional commercial property in Palatka, Florida, presents a lucrative investment opportunity. Located at 110 N State Road 19, this 1.2-acre site boasts 245 feet of frontage on a high-traffic road (20,300 AADT) with excellent visibility from St. Johns Ave (8,500 AADT). The property includes two parcels totaling 52,707.6 square feet and features a main building/showroom of 8,608 square feet and a warehouse of 2,592 square feet. Built in 1964, this property offers ample space for a variety of retail uses. An optional adjacent parcel is available, expanding the footprint to 1.7 acres with 355 feet of frontage. Separately, a profitable plumbing, electrical, pumps, and well supplies business is available for purchase, established in 1979, including inventory, equipment, and goodwill. This turnkey business opportunity offers significant upside potential for a new owner. The current owners are retiring and motivated to sell. This combined real estate and business opportunity presents a rare chance to acquire a thriving enterprise in a prime location. The asking price for the real estate is $1,600,000.

    Property profile
    Verified
    Property type Warehouses
    Use group STORAGE YARD (JUNK, SALVAGE)
    Year built 1964
    Construction STEEL FRAME
    Total area 7,918 SF
    Lot 0.93 ac (40,511 SF)
    APN 02-10-26-0000-132.2-000.0
    UPID US18-2769366
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael D|mckinney Lindsey B Bramlitt · 11 yrs held
    Michael D|mckinney Lindsey B Bramlitt
    since 2014
    2 recorded transactions
    2014
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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