Commercial property in Palatka, Florida № 767877

Property description

Sale includes 3833 and 3835 Reid Street.
3 single family homes and 4 duplexes sit on 3.42 acres of land currently being used as multifamily residential and zoned for commercial (C2) use. The possibilities are endless for this prime piece of property located in the rapidly expanding commercial zone near State Road 100 and State Road 19 (proposed site for the new WAWA store and Longhorn Steakhouse). This intersection currently has excellent exposure at 20,000 cars per day. Property has direct left-hand turning access.
Total gross rental income of $90K is being generated for all 11 units. All structures being sold as is.
Nearby businesses include Lowe's, Home Depot, Holiday Inn Express, Dollar General, Sonnys BBQ, and Zaxby's. Owner will consider financing with strong down payment.