945 Highway 17 Palatka, FL 32177

Property Details for 945 Highway 17

Lot size

3,425.00 lot acres

Property type

Commercial real estate

APN

Multiple

Description

This exceptional 3,425-acre development site in Putnam County, Florida, presents a unique investment opportunity. Strategically located on Highway 17 between Green Cove Springs and Palatka, this property boasts 6200 feet of highway frontage and benefits significantly from the ongoing $2 billion Outer Beltway project, connecting Clay and Putnam Counties to Jacksonville's major employment centers and the Durbin Park Plaza. Completion of the Outer Beltway and the new Shands Bridge is anticipated by 2029-2030, unlocking significant growth potential. The site's proximity to Palatka (6 miles) provides access to essential services including HCA Florida Putnam Hospital and retail amenities. Surrounded by timberland and adjacent to 1,670 acres of Putnam County land, this property is ideally suited for a master-planned development, with county support indicated. The area is experiencing substantial growth, fueled by the development of a major golf and fishing resort by Bass Pro Shops and the "Trail Hub" designation for Putnam County, centered around the nearly complete Lake Butler to St. Augustine Rails-to-Trails project. The property is zoned IN & AG-2, with over 300 acres potentially suitable for industrial use. The asking price is $39,000,000, translating to $11,387 per acre. The property's address is 945 Highway 17, Palatka, FL 32177, with multiple APNs.