Vacant-User

820 Reid Street

Listing Price: $1,450,000

Lot Size
2.23 acres
Year Built
1978

Investment Overview

This Plaza is a 24,500 rentable square foot neighborhood shopping plaza, situated on 2.23 acres of land and is located in an area known as Historic Downtown Palatka, Florida, in the Greater Jacksonville, Florida MSA. The Plaza offers an unique opportunity to lease or to redevelop. This Plaza is located on U.S. Highway 17, which is the major east west traffic artery connecting to US Highway 19 and providing a direct connection to Interstate Highway 95 to the east. The alternative use for This Plaza is a redevelopment into out parcels or new retail, or a combination of both. With over 25,000 vehicles per day passing this Plaza and being located at a signalized intersection with State Highway 20 that connects several communities to the south, this property offers an excellent redevelopment opportunity. In addition to having excellent visibility, the Plaza has multiple curb cuts and easy access along all four boundaries of the property.

For purposes of this Offering Memorandum there is provided a price as is based upon recent comparable property sales which indicate the fair market value of the property to be $1,450,000.00 based upon its as is condition with its current zoning and all other available and existing entitlements.

Investment Highlights

  • Offers an Excellent Redevelopment Opportunity
  • Available With Commercial Zoning
  • Located on a Major Traffic Artery

Exclusively Listed By

Vacant-User

820 Reid Street

Listing Price: $1,450,000

Lot Size
2.23 acres
Year Built
1978

Investment Highlights

  • Offers an Excellent Redevelopment Opportunity
  • Available With Commercial Zoning
  • Located on a Major Traffic Artery

Investment Overview

This Plaza is a 24,500 rentable square foot neighborhood shopping plaza, situated on 2.23 acres of land and is located in an area known as Historic Downtown Palatka, Florida, in the Greater Jacksonville, Florida MSA. The Plaza offers an unique opportunity to lease or to redevelop. This Plaza is located on U.S. Highway 17, which is the major east west traffic artery connecting to US Highway 19 and providing a direct connection to Interstate Highway 95 to the east. The alternative use for This Plaza is a redevelopment into out parcels or new retail, or a combination of both. With over 25,000 vehicles per day passing this Plaza and being located at a signalized intersection with State Highway 20 that connects several communities to the south, this property offers an excellent redevelopment opportunity. In addition to having excellent visibility, the Plaza has multiple curb cuts and easy access along all four boundaries of the property.

For purposes of this Offering Memorandum there is provided a price as is based upon recent comparable property sales which indicate the fair market value of the property to be $1,450,000.00 based upon its as is condition with its current zoning and all other available and existing entitlements.

Exclusively Listed By

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