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Commercial Property on State Rd 20 656 State Rd 20 rd 1,528 SF Office Building Palatka, FL 32177 $329,900 ($215.90/SF) 9.50% Cap Rate
Investment Highlights
- Major Highway East to West
Executive Summary
Versatile Residential-Commercial Property on 2 parcels total of 2 acres on heavily traveled highway. This transformed property is a rare find on State Road 20, offering a perfect blend of residential comfort and commercial utility. The 2 acre parcel features a 2-bedroom home with a spacious, connected 550 sq ft area, ideal for a master suite or running a home-based business studio, or professional practice. This home has been completely rewired. new metal roof. home was completely rewired, new plumbing, new flooring, water heater and appliances. Detached 1 car garage for more storage, man cave or workshop Possible private financing available with $100,000 down
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,528 SF
Building Class
B
Year Built/Renovated
1935/2025
Price
$329,900
Price Per SF
$215.90
Cap Rate
9.50%
NOI
$31,341
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,528 SF
Building FAR
0.03
Lot Size
1.23 AC
Zoning
C1 - Commercial - 1
1 1
Property Taxes
| Parcel Number | 16-10-25-0000-0470-0000 | Improvements Assessment | $74,820 |
| Land Assessment | $50,520 | Total Assessment | $125,340 |
Property Taxes
Parcel Number
16-10-25-0000-0470-0000
Land Assessment
$50,520
Improvements Assessment
$74,820
Total Assessment
$125,340
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Presented by
TEAM FLORIDA REALTY SERVICES INC
Commercial Property on State Rd 20 | 656 State Rd 20 rd
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