This newly renovated turn-key commercial building has two units, both currently occupied by a cafe / restaurant. The property offers a prime opportunity for investors with a long term tenant in place, with 9 years left on their lease. Situated on a prime corner lot on a busy thoroughfare and there is over 4,144 square feet of leased space, with C-2 zoning. Current income is $4,000 per month for both units, providing stable and consistent rental income. The property has a full commercial kitchen and three ADA accessible restrooms. The building has been recently updated with new paint, flooring, walk-in cooler, and resurfaced parking lot, enhancing its appeal and functionality. Located on a well-traveled avenue, this property combines a strategic location with reliable tenancy, making it a solid investment choice.
Mls | FC303359 |
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Listing Type | For Sale |
Style | Hospitality |
Subtype | For-sale |
Status | Active |
Year | 1964 |
Days On Site | 94 |
Listing Provided By | GREAT EXPECTATIONS REALTY | JENA DENNIS |
Sq Feet | 4,144 |
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Units | 2 |
Zoning | C-2 |
Acreage | 0.53 |
State | FL |
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County | Putnam |
City | PALATKA |
Zip Code | 32177 |
Area | 32177 Palatka |
Community Name | OAK RIDGE SUB |
Listing VS Median (in OAK RIDGE SUB) | |
Price: $699,000 low | high Med: $699,000 SqFt: 4,144 low | high Med: 4,144 $ / SqFt: $169 low | high Med: $169 On Site: 94 low | high Med: 94.000000 |