119 4th St, Palatka, FL 32177-3727
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.
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Elsie Bell's Sign Shopping Center & Mall
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.