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    OFF-MARKET
    Office buildings

    119 4th St, Palatka, FL 32177-3727

    3,892 SF 0.1 ac lot Built 1915
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US18-1466587
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents almost 4,000 square feet of office space ideally situated in Palatka's historic downtown business district. The property boasts three distinct office spaces, each with its own private entrance and bathroom, offering unparalleled flexibility for a variety of uses. The largest space encompasses 2,580 square feet, while the second comprises 1,140 square feet, and a third smaller space adds 273 square feet. Built in 1915, the building's character is undeniable. The second office space, accessible via a charming staircase from a foyer, possesses the potential for conversion into a residential apartment, further enhancing its versatility. This property's central location within the vibrant heart of downtown Palatka presents a unique chance to acquire a substantial and adaptable commercial space in a thriving area. The asking price is $449,999, and the property is held under a partnership ownership. This is a truly remarkable opportunity for a savvy investor seeking a strong foothold in a desirable market. The property is 3,967 square feet and is a traditional office building.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1915
    Construction WOOD
    Total area 3,892 SF
    Lot 0.1 ac (4,356 SF)
    APN 42-10-27-6850-015.0-001.0
    UPID US18-1466587
    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
    Current use
    Occupant on record · Public records
    • Elsie Bell's Sign Shopping Center & Mall
    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
    Kenneth Lawrence Henley · 1 yrs held
    Kenneth Lawrence Henley
    since 2025
    Last sale
    $170,000
    2 recorded transactions
    2025
    2000
    $170,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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