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    FOR SALE
    Industrial properties

    481 Highway 17 N Palatka, FL 32177

    11,701 SF 9.29 ac lot Built 1966
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US18-3296593
    481 Highway 17 N, Palatka, FL 32177 For Sale 1 / 32
    $990,000 11,701 SF
    481 Highway 17 N, Palatka, FL 32177
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    Property summary
    AI-generated overview

    This exceptional 9.29-acre commercial property in Palatka, Florida, presents a remarkable investment opportunity. Boasting 925 feet of prime highway frontage on US Highway 17, this site benefits from an impressive annual average daily traffic count of 13,800 vehicles. Currently operating under a Special Use Permit as commercial retail space, the property is zoned IL (Light Industrial), offering significant flexibility for future development. The property includes a substantial 13,000+ square foot concrete block building equipped with 3-phase power, providing ample space for various commercial uses. Adding to its versatility are two additional 2,400 square foot warehouse buildings (40ft x 60ft each), and twenty storage containers for extra storage capacity. This strategically located property enjoys easy access to major Florida cities including Jacksonville, Gainesville, St. Augustine, Palm Coast, and Ocala, making it an ideal hub for regional businesses. Attractive seller financing is available, requiring a 25% cash down payment, with a 30-year amortization at a 5.5% APR and a 5-year balloon payment. This is a rare chance to acquire a substantial commercial property with significant potential in a high-traffic area. Don't miss this opportunity to secure a prime piece of Florida real estate.

    Property profile
    Verified
    Property type Industrial properties
    Use group LUMBERYARD, BUILDING MATERIALS
    Year built 1966
    Construction STEEL FRAME
    Total area 11,701 SF
    Lot 9.29 ac (404,672 SF)
    APN 37-09-26-0000-041.0-000.0
    UPID US18-3296593
    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
    • Johnny's Mobile Home Parts Hardware & Home Improvement Big Box & Wholesale Store
    • Putnam Mobile Home Supplies Hardware & Home Improvement Big Box & Wholesale Store
    2 occupants on record
    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
    John H Windover · 3 yrs held
    John H Windover
    since 2023
    1 recorded transaction
    2023
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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