• Units
• Unknown Sq Ft
• 70,131 Sq Ft
• Unknown Cap Rate

Description

High-Visibility Redevelopment Opportunity – 1.61 Acres in Growing Palatka Market
Presenting a premier commercial offering in Palatka, Florida—spanning 1.61 acres across three contiguous parcels. Strategically positioned at the high-traffic intersection of State Road 19 and St. Johns Avenue, this property boasts exceptional visibility and significant redevelopment potential in one of Putnam County’s fastest-growing areas.

Parcel 1 features a 0.93-acre lot improved, zoned C-4 Commercial Intensive, with a 7,918 sq ft retail building operating as a plumbing and electrical supply business. The structure includes a large reception area, three offices, two bathrooms, a spacious workshop, and ample storage—ideal for retail or showroom use. The lot has a fenced area at the rear housing an additional 2,592 sq ft warehouse with a 420 sq ft canopy.
Parcel 2, located at the rear of Parcel 1, is a 0.18-acre vacant lot with no street frontage. This space adds depth and flexibility to the overall site layout, providing further room for outdoor storage, expansion, or potential redevelopment.
Parcel 3, at 108 N State Road 19, spans 0.5 acres and includes a former filling station zoned C-2 (Commercial, General Light). This 1,664 sq ft building features large roll-up glass doors, prominent front-facing windows, and a 600 sq ft canopy—ideal for automotive, retail, or service-oriented business uses.
The entire offering presents abundant paved parking, prominent street exposure, and is strategically positioned in one of Palatka’s busiest commercial corridors. The parcels may be purchased together for $3,000,000 or separately, with Parcel 3 offered at $1,250,000 and Parcels 1 & 2 combined at $1,750,000. If re-parceling is desired to achieve a specific size or frontage, the seller will consider with a reasonable offer.
The sale includes real estate only; no business, assets, or equipment will convey. The existing business will vacate upon sale. Owner financing may be considered with a minimum 20% down payment.
This is a rare investment opportunity to acquire a highly visible, versatile commercial property with significant existing infrastructure and substantial upside for redevelopment, expansion, or repurposing.