600 Reid St - Freestanding FOR SALE


Palatka, FL 32177
$525,000 USD
904-806-4274
600 Reid St, Palatka, FL for Sale
$525,000 USD
Freestanding - FOR SALE
1/32
null | Request Cap Rate

600 Reid St
Palatka, FL 32177


OVERVIEW

Excellent Investment Opportunity for passive income w/ 8% Cap Rate and long term tenant. This 4,400 Sq. Ft. insulated steel-framed metal building, situated on a 0.21-acre lot, offers a versatile layout designed to suit a variety of business needs. 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 3 years left on their lease currently paying annually $47,628.00.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,749 SF

ZONING

C-2

APN/PARCEL ID

42-10-27-6850-0360-0061

ASK ABOUT THIS PROPERTY

Jena DennisGreat Expectations RealtyMore Info
904-806-4274

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Jena DennisGreat Expectations RealtyMore Info
904-806-4274

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.