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481 Us-17 17,320 SF Retail Building Palatka, FL 32177 $1,090,000 ($62.93/SF)

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INVESTMENT HIGHLIGHTS

  • Seller-financing available with 25% cash down, amortized over 30 years at 5.5% APR with a 5-year balloon.

EXECUTIVE SUMMARY

Opportunity of the Century! This 9.29 Acre parcel is Zoned IL (Light Industrial) and is presently being used as Commercial Retail space through the use of a Special Use Permit. The property accounts for roughly 925ft of highway frontage along US Highway 17, which hosts an Annual Average Daily Traffic count of 13,800 vehicles per day! Possibilities are endless with this 13,000+ square foot Concrete Block Building already equipped with 3-Phase Power! As if this wasn't enough, there are two additional 2,400 square foot (40ft x 60ft) warehouse buildings on the property for additional storage. Ideally located between Jacksonville, Gainesville, St Augustine, Palm Coast, & Ocala. Seller-financing available with 25% cash down, amortized over 30 years at 5.5% APR with a 5-year balloon.

ATTACHMENTS

MLS Brochure

TAXES & OPERATING EXPENSES (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Taxes $5,750 $0.33
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2023)

Taxes
Annual $5,750
Annual Per SF $0.33
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $5,750
Annual Per SF $0.33

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,320 SF
Building Class
C
Year Built
1966
Price
$1,090,000
Price Per SF
$62.93
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
10.94 AC
Zoning
IL - Light Industrial, but current owner had a Special Use Permit for a Commercial Storefront.
Frontage
209’ on Us-17

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 17,320 SF
  • Industrial
  • -
  • 60 Days

This 9.29 Acre parcel is Zoned IL (Light Industrial) and is presently being used as Commercial Retail space through the use of a Special Use Permit. The property accounts for roughly 925ft of highway frontage along US Highway 17, which hosts an Annual Average Daily Traffic count of 13,800 vehicles per day! Possibilities are endless with this 13,000+ square foot Concrete Block Building already equipped with 3-Phase Power! As if this wasn't enough, there are two additional 2,400 square foot (40ft x 60ft) warehouse buildings and 20 storage containers on the property for additional storage. Ideally located between Jacksonville, Gainesville, St Augustine, Palm Coast, & Ocala. Property also available For Sale with Seller-financing available with 25% cash down, amortized over 30 years at 5.5% APR with a 5-year balloon.

Space Size Space Use Position Available
1st Floor 17,320 SF Industrial - 60 Days

1st Floor

Size
17,320 SF
Space Use
Industrial
Position
-
Available
60 Days

1st Floor

Size 17,320 SF
Space Use Industrial
Position -
Available 60 Days

This 9.29 Acre parcel is Zoned IL (Light Industrial) and is presently being used as Commercial Retail space through the use of a Special Use Permit. The property accounts for roughly 925ft of highway frontage along US Highway 17, which hosts an Annual Average Daily Traffic count of 13,800 vehicles per day! Possibilities are endless with this 13,000+ square foot Concrete Block Building already equipped with 3-Phase Power! As if this wasn't enough, there are two additional 2,400 square foot (40ft x 60ft) warehouse buildings and 20 storage containers on the property for additional storage. Ideally located between Jacksonville, Gainesville, St Augustine, Palm Coast, & Ocala. Property also available For Sale with Seller-financing available with 25% cash down, amortized over 30 years at 5.5% APR with a 5-year balloon.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
37-09-26-0000-0410-0000
Land Assessment
$228,200 (2024)
Improvements Assessment
$198,775 (2024)
Total Assessment
$426,975 (2024)
Annual Taxes
$5,750 ($0.33/SF)
Tax Year
2023
  • Listing ID: 31250464

  • Date on Market: 3/18/2024

  • Last Updated:

  • Address: 481 Us-17, Palatka, FL 32177

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