114 3rd St Palatka, FL 32177-4709

Property Details for 114 3rd St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 lot acres

Property size

3,482 SF

Property type

Turn key restaurants

APN

42-10-27-6850-014.0-005.2

APU

421027685001400052

Description

This exceptional 8,000 square foot commercial property, located at 114 3rd Street Unit 114, Palatka, FL, presents a unique investment opportunity in the thriving South Historic District of Downtown Palatka. Situated on a 0.34-acre lot with frontage on both Oak Street and South 3rd Street, this building boasts prime visibility and convenient access. Originally constructed as the local Elks Club and later partially used as a restaurant and bar, the property offers immense versatility. Some existing equipment, including fire suppression systems and kitchen hoods, remains and could be readily re-installed. Significant renovations have already been undertaken by the current owner, including the replacement of sewer, water, and gas lines. The building has undergone a recent termite tenting treatment with a 5-year warranty, ensuring structural integrity. A historic survey classified the building as "Non-Contributing," providing flexibility for future renovations and development. Detailed renovation plans are available for review, showcasing the current owner's vision. The property's solid foundation and prime location, coupled with stunning St. Johns River views from the upper deck and proximity to city boat ramps and St. John's Avenue, make it an ideal canvas for a variety of commercial ventures. The asking price is $1,200,000, and creative owner financing options are available, with potential discounts for cash buyers.