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    OFF-MARKET
    Turn key restaurants

    2401 Crill Ave, Palatka, FL 32177-4269

    4,374 SF 0.53 ac lot Built 1964
    Entity Owned ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jho Jho’s Diner Restaurant
    • Lori's Restaurant
    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
    Leo Palatka INC
    Leo Palatka INC
    since 2025
    Last sale
    $549,000
    5 recorded transactions
    2025
    $549,000
    2024
    2024
    $326,568
    2022
    $400,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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