This newly renovated turn-key commercial building has two units, both currently occupied by a cafe / restaurant. The property offers a prime opportunity for investors with a long term tenant in place, with 9 years left on their lease, and a cap rate of 6.8%. Situated on a prime corner lot on a busy thoroughfare and there is over 4,144 square feet of leased space, with C-2 zoning. Current income is $4,000 per month for both units, providing stable and consistent rental income. The property has a full commercial kitchen and three ADA accessible restrooms. The building has been recently updated with new paint, flooring, walk-in cooler, and resurfaced parking lot, enhancing its appeal and functionality. Located on a well-traveled avenue, this property combines a strategic location with reliable tenancy, making it a solid investment choice.
Property Details
Price:
$699,000
MLS #:
FC303359
Status:
Active
Beds:
0
Baths:
0
Address:
2401 CRILL AVENUE
Type:
Commercial
Subtype:
Restaurant
Subdivision:
OAK RIDGE SUB
City:
PALATKA
Listed Date:
Sep 4, 2024
State:
FL
Finished Sq Ft:
6,164
Total Sq Ft:
6,164
ZIP:
32177
Lot Size:
23,087 sqft / 0.53 acres (approx)
Year Built:
1964
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
More About GaryMortgage Calculator
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Concrete, Wood Siding
Financial
Tax Year
2023
Taxes
$7,316
Map
Community
- Address2401 CRILL AVENUE PALATKA FL
- CityPALATKA
- CountyPutnam
- Zip Code32177
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Courtesy of GREAT EXPECTATIONS REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 2401 CRILL AVENUE
PALATKA, FL
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