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$525,000
Est. payment /mo
1,387 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,387 sqft
Price per Sqft $378
Subdivision Palatka
MLS Listing ID FC310329
HOA Y/N No
Year Built 1985
Annual Tax Amount $2,650
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Retail
Source Stellar MLS
Property Description
Outstanding Investment Opportunity with 8% Cap Rate
This 4,400 sq. ft. insulated, steel-framed metal building is fully leased to a long-term tenant, offering reliable passive income. Positioned on a 0.21-acre lot, the property features a flexible layout that can accommodate a wide range of commercial uses—making it ideal for investors seeking stable returns and future adaptability.
Featuring a front retail space with office and one bathroom, and a spacious warehouse area with a roll-up door, this property provides seamless functionality and flexibility.
The warehouse area boasts 10 to 13 ft. ceiling heights and durable concrete floors, ensuring easy maintenance and adaptability for storage, production, or distribution operations.
Strategically positioned on the high-traffic corner of Reid & 6th Street, this location offers excellent visibility and accessibility for both customers and employees. The site includes ample parking, enhancing convenience for various commercial uses.
Zoned C-2 Commercial General Light, this property accommodates a wide range of business types.
The annual insurance cost is approximately $2,193.23, and the current property taxes are $2,544.00. There is a long-term tenant, a Vape Shop, with 3 years left on their lease currently paying annually $47,628.00.
This 4,400 sq. ft. insulated, steel-framed metal building is fully leased to a long-term tenant, offering reliable passive income. Positioned on a 0.21-acre lot, the property features a flexible layout that can accommodate a wide range of commercial uses—making it ideal for investors seeking stable returns and future adaptability.
Featuring a front retail space with office and one bathroom, and a spacious warehouse area with a roll-up door, this property provides seamless functionality and flexibility.
The warehouse area boasts 10 to 13 ft. ceiling heights and durable concrete floors, ensuring easy maintenance and adaptability for storage, production, or distribution operations.
Strategically positioned on the high-traffic corner of Reid & 6th Street, this location offers excellent visibility and accessibility for both customers and employees. The site includes ample parking, enhancing convenience for various commercial uses.
Zoned C-2 Commercial General Light, this property accommodates a wide range of business types.
The annual insurance cost is approximately $2,193.23, and the current property taxes are $2,544.00. There is a long-term tenant, a Vape Shop, with 3 years left on their lease currently paying annually $47,628.00.
Location
State FL
County Putnam
Community Palatka
Area 32177 - Palatka
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Metal Frame,Metal Siding
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
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