119 4th St Palatka, FL 32177-3727
Property summary
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
VerifiedCap rate & NOI
Current use
-
Shopping Center & Mall
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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