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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 25,557 sqft
Price per Sqft $125
MLS Listing ID 2172675
HOA Y/N No
Year Built 1973
Annual Tax Amount $35,352
Lot Size 2.290 Acres
Acres 2.29
Property Sub-Type Retail
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
Exceptional opportunity for investors, owner-users, or developers in the City of Palatka! Situated on approximately 2.2 acres in a premium commercial location along Reid Street, this property features an existing 24,624 SF retail building with excellent visibility and convenient access. Ideally positioned near downtown Palatka and the St. Johns River waterfront, the property offers multiple possibilities for continued commercial use, repositioning, or redevelopment.
The existing building offers an opportunity for an investor to establish a multi-tenant retail property, with leasing discussions underway with two national retail tenants for the entire building. Owner-users may also find the existing space suitable for a variety of retail, showroom, warehouse, or other commercial applications, subject to applicable approvals. For developers, the approximately 2.2-acre site presents an attractive opportunity to explore new retail, commercial, or mixed-use development, subject to zoning, site planning, and governmental approvals.
Palatka's downtown and waterfront areas offer an appealing setting for businesses and future development. With its prominent location, substantial land area, existing improvements, and flexible potential, 820 Reid Street is an opportunity to consider for a range of commercial investment strategies.
Bring your vision to this exceptional Palatka property!
Location
State FL
County Putnam
Area 561-Greater Palatka
Direction Property located on Reid St (Hwy 17) in downtown Palatka, FL.
Exterior
Parking Features Additional Parking, Parking Lot
Private Pool No
Building
Lot Description Cleared, Corner Lot
Story 1
Level or Stories 1
Others
Tax ID 421027685006100010
Acceptable Financing Cash
Listing Terms Cash
Nearby Locations
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Angelique Kirsch
Real Estate Associate License ID: SL3330515
Real Estate Associate License ID: SL3330515