481 Highway 17 Palatka, FL 32177

Property Details for 481 Highway 17

Year built

1966

Construction

STEEL FRAME

Lot size

9.29 lot acres

Property size

11,701 SF

Property type

Industrial properties

APN

37-09-26-0000-041.0-000.0

APU

370926000004100000

Description

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.