• 205 VL Zeagler Drive Palatka, FL 32177

  • $425,000
  • 0
    Sq Ft
  • 1.83
    Acres

Appx 1.83 acres of vacant land with infrastructure & shared parking that has a site plan for adding up to 8 medical office units within a complex that has 10 total units now. 6 of those 10 units totaling over 11,200 sf of leasable space can be bought separately or together. See MLS 1128163 . 5 of the units have established medical or lab related uses with business leases in place, tenants been there for years- RECENTLY RENEWED, the Units have 6.3% CAP rate at List Price even with the one vacancy. When fully leased, the CAP rate will increase to over 7%. Hidden Value is in this listing & excess land that can be purchased separately & developed into at least 8 more units. Great investment now. Buy - hold - or add value to the other units as a package

Property Type :

Land

Subdivision :

Palatka

County :

Putnam

Style :

Land

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Property Details

 

Water/Sewer

Sewer: Public Sewer

Heating & Cooling

Water Source: Public

Road Type

Asphalt

Lot Information

Lot Description: Other

Lot Size Area: 1.83 Acres

Lot Square Feet: 79,715

Property Information

Property Type: Land

Sub Type: Unimproved Land

Subdivision: Palatka

MLS Area Minor: 561-Greater Palatka

Source Neighborhood: Palatka

Listing Price Information

Listing Id: 1181087

List Price: $425,000

Listing Terms Cash, Conventional, USDA Loan

Listing Information

Possession: Negotiable

Tax Information

Parcel Number: 101026000002000030

Taxes: PALATKA

Homeowners Association Information

Association YN : Yes

Association fee amount : $2,000

Association Fee Frequency : Annually

Association Name: 205 Zeagler

Utility Information

Cable Available, Electricity Available, Sewer Available, Water Available

Location Information

Direction: From US-17 (Reid St) turn South onto Mosely Ave. Turn right in 400' onto St. Johns Ave. Turn left onto Zeagler Dr. Turn left into property parking lot. Vacant land is at SE and E end.

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Nearby Home Value

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252 Saint Johns Drive, Palatka, FL,32177 $5,300,000 -- -- 12,927,736 296.78 Acres
252 St Johns Drive, Palatka, FL,32177 $5,300,000 -- -- -- 296.78 Acres
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Church Street, Palatka, FL,32177 $10,000 -- -- 6,098 0.14 Acre
219 Mango Drive, Palatka, FL,32177 $240,000 3 2 1,411 0.22 Acre
106 Niagara Avenue, Palatka, FL,32177 $23,000 -- -- 49,658 1.14 Acres
221 E St Johns Street, Palatka, FL,32177 $23,000 -- -- 49,658 1.14 Acres

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ByOwner last updated this listing 04/29/2024 @ 18:45

MLS: 1181087
LISTED BY: HENRY HAMMOND, JR, COLDWELL BANKER VANGUARD REALTY
SOURCE: realMLS (Northeast Florida Multiple Listing Service)
Buyer Agency Compensation: 4%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in reciprocal agreements.

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