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Investment Highlights
- Rare standalone building in historic downtown Palatka
- Water views in the Downtown Riverfront (DR) zoning district
- ±820 SF building ideal for boutique commercial use
- Steps to the St. Johns River, City Marina & public boat launch
- Zoning allows possible expansion to a height of 60ft
- Flexible use options: retail, office, mixed-use, or hospitality
Executive Summary
AMAZING STANDALONE WATERVIEW property in the heart of historic downtown Palatka, 203 Laurel Street offers a unique opportunity just steps from the St. Johns River, the City Marina, and public boat launch. This highly visible location benefits from both downtown foot traffic and riverfront activity, creating strong appeal for a variety of commercial uses.
This is a tremendous redevelopment opportunity as zoning potentially allows for a height of up to 60ft with a 0 lot line. Its highest and best use could involve adding
additional floors, creating the possibility for stunning views of the river, perfect for mixed-use development such as office, retail, or residential units.
The ±820 SF building is well-suited for boutique retail, office, or hospitality concepts. A large public parking lot is located immediately in front of the property, providing convenient access for customers.
Downtown Riverfront (DR) zoning allows for a wide range of commercial uses, including:
Retail or boutique storefront
Restaurant, café, or coffee concept
Professional or creative office
Mixed-use with residential above (subject to regulations)
Short-term rental or boutique hospitality (subject to regulations)
Gallery or studio space
With its standalone presence, proximity to the marina and boat launch, and flexible zoning, 203 Laurel Street presents an exceptional opportunity for owner-users and investors seeking visibility, accessibility, and long-term upside in a growing riverfront district. Possible seller financing.
This is a tremendous redevelopment opportunity as zoning potentially allows for a height of up to 60ft with a 0 lot line. Its highest and best use could involve adding
additional floors, creating the possibility for stunning views of the river, perfect for mixed-use development such as office, retail, or residential units.
The ±820 SF building is well-suited for boutique retail, office, or hospitality concepts. A large public parking lot is located immediately in front of the property, providing convenient access for customers.
Downtown Riverfront (DR) zoning allows for a wide range of commercial uses, including:
Retail or boutique storefront
Restaurant, café, or coffee concept
Professional or creative office
Mixed-use with residential above (subject to regulations)
Short-term rental or boutique hospitality (subject to regulations)
Gallery or studio space
With its standalone presence, proximity to the marina and boat launch, and flexible zoning, 203 Laurel Street presents an exceptional opportunity for owner-users and investors seeking visibility, accessibility, and long-term upside in a growing riverfront district. Possible seller financing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
820 SF
Building Class
C
Year Built
1958
Price
$599,000
Price Per SF
$730.49
Tenancy
Single
Building Height
1 Story
Typical Floor Size
820 SF
Building FAR
0.38
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
DR - Downtown Riverfront
Somewhat walkable
30/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 42-10-27-6850-0120-0070 | Improvements Assessment | $93,540 |
| Land Assessment | $12,240 | Total Assessment | $105,780 |
Property Taxes
Parcel Number
42-10-27-6850-0120-0070
Land Assessment
$12,240
Improvements Assessment
$93,540
Total Assessment
$105,780
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203 Laurel St
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