18
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$479,000
Est. payment /mo
1 Bath
9,147 Sqft Lot
Contingent
600 Reid St Palatka, FL 32177
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 245524
Full Baths 1
HOA Y/N No
Year Built 1985
Annual Tax Amount $2,544
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Retail
Property Description
Motivated Seller - Bring a Cash offer!!!! Outstanding Investment Opportunity with 9% 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 2 years left on their lease currently paying annually $50,009.40. Brand new AC unit installed and new Hydrostop roof coating for longevity and insulation.
Location
State FL
County Putnam
Area 21 - Putnam County
Exterior
Water Access Desc No
Building
Story 1
Level or Stories 1
Listed by Great Expectations Realty