PALATKA PROMENADE
Retail | 209,278 RSF Shopping Plaza
Marketing description
Experience prime investment potential at PALATKA PROMENADE located at 400 N STATE ROAD 19, PALATKA, FL. This 209,278 RSF shopping plaza on 27.46 acres offers a lucrative value-add opportunity with 71% occupancy. Surrounded by major retailers like Walmart, Publix, and Home Depot, the property benefits from high daily traffic of 21,500 vehicles on N State Road 19. The area's 2029 projected demographics show a growing population and income levels, supporting a thriving business environment. With over 95% credit tenant occupancy and $3MM in recent improvements, the plaza offers a secure investment with potential for further development. The nearby First Coast Expressway and new St. Johns River Bridge construction will enhance connectivity, bringing Palatka into commuting distance of Orange Park and South Jacksonville. Don't miss out on this incredible opportunity at PALATKA PROMENADE.
Investment highlights
•209,278 RSF Shopping Plaza | 27.46 Acres +/-
•Deep Value-Add Opportunity at 71% Occupancy
•Over 95% of Current Tenancy Comprised of Credit Tenants
•More Than $3MM in Improvements Since 2018
•Conveniently Surrounded by Walmart Supercenter, Winn-Dixie, Publix, Save-A-Lot, Home Depot, and Lowe’s
•Direct Frontage/Access on N State Road 19, Which has 21,500 Vehicles Daily
•Ample Parking | Three Access Points on SR-19
•Planet Fitness, Petsense, Marshalls, and Five Below Have Backfilled the Former K-Mart Next to Publix Just Down the Street
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