110 State Rd 19, Palatka, FL 32177-2442
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.
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.