641 3Rd Ave Welaka, FL 32193
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 641 3Rd Ave
- Year built
- 1930
- Property type
- Commercial real estate
Description
This unique mixed-use property in Welaka, Florida, presents a compelling investment opportunity. Located at 641 3rd Avenue, this 1930-built property sits on a substantial 20,908.8 square foot lot and is zoned General Commercial (C-3), offering diverse commercial possibilities. Currently configured as a residential dwelling with three bedrooms, three bathrooms, two kitchens, and two laundry areas, the property's adaptability is a key asset. The existing layout allows for conversion into a separate, wheelchair-accessible one-bedroom, one-bathroom unit with its own kitchen and laundry, enhancing rental income potential. The property's proximity to the St. Johns River and its location near the developing Bass Pro Resort in the growing town of Welaka, Florida (zip code 32193), further underscores its investment potential. The C-3 zoning permits a wide range of commercial uses, including but not limited to grocery stores, bait shops, bakeries, and professional offices. Importantly, the property is not located in a flood zone. This presents a rare chance to establish a business or expand an existing one in a thriving community poised for significant growth, making it an ideal investment for both commercial and residential purposes. The asking price is $299,999.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Welaka
- County
- Putnam
- State
- Florida
- Longitude
- -81.6726545
- Latitude
- 29.4858383
