149 State Road 20 Palatka, FL 32177
This exceptional 4.7-acre commercial property, located at 149 State Road 20 in Palatka, Florida, presents a unique investment opportunity. The property, encompassing 204,732 square feet, is zoned C-3 and offers significant advantages for developers and entrepreneurs. Its high elevation and over 500 feet of frontage on State Road 20 ensure maximum visibility and accessibility, crucial for attracting customers and maximizing business potential. The mostly cleared land is ready for immediate development, eliminating the need for extensive site preparation. Situated in the heart of Palatka's historic downtown, this location benefits from the town's revitalization and growth, providing a strong foundation for future success. The property's mixed-use designation allows for a wide range of development possibilities, from retail and office spaces to hospitality ventures. The asking price is $480,000. This prime location in Putnam County, Florida (zip code 32177), offers unparalleled exposure and growth potential, making it an ideal investment for those seeking a high-impact commercial venture in a thriving Florida community. The property's coordinates are 29.630624 latitude and -81.718296 longitude. This is a rare opportunity to acquire a substantial parcel of land in a desirable location with high visibility and significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.