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3833-3835 REID Street Palatka, FL $ 1,200,000
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3833-3835 REID Street
$ 1,200,000
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3833-3835 REID Street

Palatka, FL, 32177
$ 1,200,000
Baths0.0 Sq 10,872

Monthly Estimate*

$ 7,976

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Studio

Commercial Property for sale in Palatka, FL

for $1,200,000. This 10,872 square foot building was built on a lot size of 3.42.

Sale includes 3833 and 3835 Reid Street. 3 single family homes and 4 duplexes sit on 3.42 acres of land currently being used as multifamily residential and zoned for commercial (C2) use. The possibilities are endless for this prime piece of property located in the rapidly expanding commercial zone near State Road 100 and State Road 19 (proposed site for the new WAWA store and Longhorn Steakhouse). This intersection currently has excellent exposure at 20,000 cars per day. Property has direct left-hand turning access. Total gross rental income of $90K is being generated for all 11 units. All structures being sold as is. Nearby businesses include Lowe's, Home Depot, Holiday Inn Express, Dollar General, Sonnys BBQ, and Zaxby's. Owner will consider financing with strong down payment.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

3.42

Town/City

Palatka

County/Region

Putnam

MLS | Web ID

1236448
Features
General
Sewer Septic Tank
Heating Central
Utilities Separate Electric Meters
Possession Subject To Tenant Rights
Roof Shingle
Construction Materials Concrete Frame Wood Siding
Property SubType Mixed Use
Current Use Commercial Hotel/Motel Industrial Investment Multi-Family Office Retail Single Family
County Putnam
New Construction 0 None
Property Type Commercial Sale
HOA / Comm Assn N
Status Active
Directions Travel west on Reid Street (SR 100) and pass through the intersection of North State Road 19 the property is just after Lowe's on the south side of the road across the street from Putnam Lanes.
City Palatka
Buyer Agent Compensation 2.50
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 11
MLS Area 561-Greater Palatka
Lot Size Units Acres
Lot Size Square Feet 148975.2
Waterfront Y/N N
Street Name REID
Listing Terms Cash
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 561-Greater Palatka
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 335
Standard Status Active
Legal Description PT OF E1/2 OF NW1/4 BK193 P390 AND PT OF SE 1/4 OF NW 1/4 BK 188 P 73 (Parcel # 02-10-26-0000-0430-0000)
Cash True
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Exterior
Water Source Well
Lot Size Area 3.42
Spa N
Street Suffix Street
Lot Size Acres 3.42
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 38333835
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* Excluded Features
List By
Berkshire Hathaway Homeservices Florida Network Realty

Broker

lise.murphy@floridanetworkrealty.com

Email

Affordability Calculator

$7,976
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
308105 Elementary School
308138 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/12/2023$1,200,000 Listed Price

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3833-3835 REID Street, Palatka, FL, 32177 is a Commercial Property for sale at $1,200,000 with 10,872 sqft and a lot size of 3.42. 3833-3835 REID Street is a studio with 0.0 baths. The property's zip code is 32177 which is in Palatka, FL

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