400 N STATE ROAD 19, PALATKA, FL, Palatka, FL 32177

Palatka Promenade, located at 400 N State Road 19, Palatka, FL, is a compelling value-add retail investment in the heart of North Central Florida. This 209,368-square-foot shopping center spans approximately 27.46 acres and offers exceptional scale, visibility, and upside along SR-19, where traffic counts reach 21,500 vehicles per day. Positioned among major national retailers including Walmart Supercenter, Publix, Winn-Dixie, Lowe’s, and Home Depot, the property benefits from strong regional draw and convenient access via three entry points. Current occupancy is 69.05%, creating a substantial lease-up opportunity, while more than 95% of the existing tenancy is comprised of credit tenants and government users, including Ollie’s, Roses, VA Clinic, Citi Trends, Shoe Show, and multiple State of Florida agencies. The center has seen over $3 million in capital improvements since 2018, including roof, façade, parking lot, lighting, buildout, and HVAC upgrades. Offered at an attractive basis of $46.36 per square foot, Palatka Promenade presents investors with immediate income, durable tenancy, and meaningful long-term upside in a growing corridor supported by ongoing regional infrastructure improvements.