111 Palm Ave Palatka, FL 32177-2625
This exceptional 1.12-acre commercial property in the heart of Palatka, Florida, presents a unique investment opportunity. Its central location ensures high visibility and significant traffic flow, making it perfectly suited for a variety of retail or office uses. The property includes a substantial building featuring a spacious retail/office area and a large, functional storage/working space. Adding to its versatility, a charming three-bedroom, two-bathroom house is situated on the property. This residence offers multiple possibilities: owner occupancy, employee housing, or a lucrative rental income stream. The combination of commercial space and residential dwelling creates a truly dual-purpose property, maximizing potential returns. Palatka is experiencing a period of significant growth and development, attracting new businesses and residents. Putnam County's renowned outdoor recreational opportunities further enhance the area's appeal. This property's strategic location and diverse functionality make it an exceptional investment in a thriving Florida community. The property's size and features offer significant potential for expansion or adaptation to suit a wide range of commercial needs. Don't miss this chance to acquire a prime piece of Palatka real estate.
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Palm Florist (Bike/Boat/Book/etc) Store Florist
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Singletary Hauling Services Trucking Company
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.