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Shopping Community

Palatka Promenade

400 N State Road 19, Palatka, FL 32177

Listing Price: $8,995,000

Cap Rate
8.85%
Rentable SF
195,826
Lot Size
31.45 acres
Year Built
1981

Investment Overview

Palatka Promenade is a 195,826 rentable square foot plaza situated on 31.45 acres in Palatka, Florida. The property offers a value-add opportunity at 75 percent occupancy. Nearly $3 million in improvements in the last four years.

Investment Highlights

  • 195,826 RSF Plaza | 31.45 Acres +/-
  • Value-Add Opportunity at 75% Occupancy
  • Nearly $3MM in Improvements in Last Four Years
  • Conveniently Surrounded by Walmart Supercenter, Winn-Dixie, Publix, Save-A-Lot, Home Depot, and Lowe's
  • On N State Road 19, Which has 20,300 Vehicles Daily
  • Ample Parking | Three Access Points on SR-19
  • One Mile From St. Johns River State College and Putnam Community Medical Center
  • Planet Fitness, Petsense, Marshalls, and Five Below Have Backfilled the Former K-Mart Next to Publix Just Down the Street

Exclusively Listed By

Shopping Community

Palatka Promenade

Listing Price: $8,995,000

Cap Rate
8.85%
Rentable SF
195,826
Lot Size
31.45 acres
Year Built
1981

Investment Highlights

  • 195,826 RSF Plaza | 31.45 Acres +/-
  • Value-Add Opportunity at 75% Occupancy
  • Nearly $3MM in Improvements in Last Four Years
  • Conveniently Surrounded by Walmart Supercenter, Winn-Dixie, Publix, Save-A-Lot, Home Depot, and Lowe's
  • On N State Road 19, Which has 20,300 Vehicles Daily
  • Ample Parking | Three Access Points on SR-19
  • One Mile From St. Johns River State College and Putnam Community Medical Center
  • Planet Fitness, Petsense, Marshalls, and Five Below Have Backfilled the Former K-Mart Next to Publix Just Down the Street

Investment Overview

Palatka Promenade is a 195,826 rentable square foot plaza situated on 31.45 acres in Palatka, Florida. The property offers a value-add opportunity at 75 percent occupancy. Nearly $3 million in improvements in the last four years.

Exclusively Listed By

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