1321 SAINT JOHNS AVENUE, PALATKA, FL, 32177

See Realtor Remarks: Recently renovated 2,110 SF commercial flex asset featuring a combination of office/showroom and warehouse/shop space with approximately 200 feet of highly visible corner frontage along historic St Johns Avenue, one of Palatka's primary commercial corridors. The location benefits from a 2025 Florida Department of Transportation (FDOT) traffic count of 8,100 AADT and is strategically positioned between Palatka's Central Business District and Midtown, just one block from the heavily traveled US 17/SR 100 corridor carrying approximately 25,500 AADT (2025 FDOT). Situated within the City of Palatka's C-2 Intensive Commercial Zoning District, the zoning designation accommodates a broad range of retail, automotive, contractor, service, restaurant, laundromat, warehouse, and light manufacturing uses. This flexibility, combined with the asset's layout and accessibility, creates opportunities for owner-users, investors, contractors, distributors, automotive businesses, specialty retailers, dry cleaners, service providers, and light manufacturing operations. The building's functional layout supports a variety of operational needs. Features include oversized sliding industrial doors providing drive-in access and ground-level loading, a secure concrete block room for workspace or storage, and a new TPO roof installed on the front portion of the building in 2025, reducing near-term capital expenditure requirements. Outside, a combination concrete and asphalt parking area is located directly adjacent to the warehouse access point. Additional unpaved parking and storage areas are accessible via a concrete apron along the north and east sides of the building, providing flexibility for vehicle storage, contractor equipment, trailers, boats, fleet vehicles, and outdoor inventory. Bennett Glass successfully operated from this location for more than 50 years, establishing the property as a recognized commercial destination within the Palatka market and demonstrating its long-term viability for business operations. Palatka is part of the Jacksonville–Kingsland–Palatka, FL-GA Combined Statistical Area (CSA), a regional economy encompassing approximately 1.9 million residents according to the U.S. Census Bureau's 2024 population estimates. The region is anchored by the Jacksonville metropolitan economy, which generated more than $129 billion in annual economic output according to the U.S. Bureau of Economic Analysis (2023). The CSA experienced approximately 9.4% population growth between 2020 and 2024 (U.S. Census Bureau), attracting significant investment, including Bass Pro Shops' announced plans for an approximately 5,200-acre outdoor resort development in nearby Welaka. Combined with Palatka's location along the St. Johns River and proximity to Jacksonville, St. Augustine, Gainesville, and Ocala, the asset is positioned to benefit from continued population, tourism, and commercial growth throughout the Jacksonville–Kingsland–Palatka CSA.

Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.

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