110 FL-19, PALATKA, FL

Retail for Sale - $3,500,000 - 9,581 Sq. Ft. on 1.61 acres


Agent Info

Thomas Hammond

Property Info

CIMLS#1120509
Location
  110 FL-19
  PALATKA FL 32177
UpdatedMay 3rd, 2022
TypeRetail
Price$3,500,000
Building9,581 Sq. Ft.
Land1.61 acres

Attached Documents


Contact


Property Description

Fantastic highly visible and accessible property with on-going, well-established, well-known business in growing Palatka, FL. Owners simply want to retire. Great location is high traffic area near intersection of St. Johns Ave and FL-19. Land, buildings, fixtures, and business included in sale. Owner will negotiate separately for name, goodwill and for inventory. This is a fantastic opportunity for the right entrepreneur to achieve an almost 10 CAP investment (including self-paid rent) for an owner-operator. Seller will consider selling only the land and buildings without the business.THIS IS A QUIET LISTING. No sign on property. Seller is very sensitive to their employees so DO NOT GO ON THE PROPERTY without an appointment. Listing Agent must be present and showings can only occur after 5:30 pm weekdays or on days the business is closed. Buyers Agent commission of 4% is only for full price or higher offer. Anything lower, will be subject to Seller negotiation.


Financials

NOI $227,791