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2401 Crill Ave Palatka, FL 32177-4269

OFF-MARKET Turn key restaurants Google Maps
4,374 SF 0.53 ac lot Built 1964
Entity Owned ~ Est. High Equity
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US18-5456680

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully renovated, two-unit commercial building situated on a prominent 0.53-acre corner lot in Palatka, Florida. The property boasts 6,164 square feet, with over 4,144 square feet currently leased to a thriving cafe/restaurant operation under a long-term lease with nine years remaining. This provides immediate and substantial rental income of $4,000 per month. The building features a fully equipped commercial kitchen, perfect for food service businesses, and three ADA-compliant restrooms, ensuring accessibility for all patrons. Recent renovations include fresh paint, new flooring, a brand-new walk-in cooler, and a resurfaced parking lot, significantly enhancing the property's appeal and functionality. The C-2 zoning allows for a variety of commercial uses, providing flexibility for future tenants or potential expansion. Located on a busy thoroughfare, this property benefits from high visibility and significant foot traffic, guaranteeing consistent customer flow for the current tenants and future occupants. This turnkey operation offers a rare combination of strong rental income, a long-term lease, and a prime location, making it an ideal investment for discerning buyers seeking a stable and profitable venture. The property's recent upgrades minimize immediate capital expenditure needs, allowing for a smooth transition and immediate return on investment.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,374 SF
Lot 0.53 ac (23,087 SF)
APN 12-10-26-6500-008.1-001.0
UPID US18-5456680

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$549,000
5 recorded transactions
2025
$549,000
2024
Price N/A
2024
$326,568
2022
$400,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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