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33404384
33404383

1321 St Johns Ave, Palatka, FL 32177

Century 21 J W Morton Real Estate Inc
Listed by Century 21 J W Morton Real Estate Inc
$235,000
26 days on market
Updated 14 days ago
Opportunity zone

1321 St Johns Ave

Details
APN 42-10-27-6850-2530-0051
Property Type Retail, Office (+1)
Sub Type Flex, Warehouse (+1)
Square Footage 2,110
NOI $21,600
Tenancy Vacant
Pro-Forma NOI $16,883
Year Built 1957
Year Renovated 2025
Acreage 0.230
Zoning C-2 Intensive Commercial
Investment Type Owner/User
Ground Lease No
Dock High Doors 1

200' Corner Frontage • Office/Showroom • Warehouse/Shop • New TPO Roof • Outdoor Storage Potential

Marketing description

Recently renovated 2,110 SF commercial flex asset featuring a combination of office/showroom space, warehouse/shop space, and approximately 200 feet of highly visible corner frontage along historic St Johns Avenue, one of Palatka's primary commercial corridors. The location benefits from a 2025 Florida Department of Transportation (FDOT) traffic count of 8,100 AADT and is strategically positioned between Palatka's Central Business District and Midtown, just one block from the heavily traveled US 17/SR 100 corridor, which carries approximately 25,500 AADT (2025 FDOT).

Situated within the City of Palatka's C-2 Intensive Commercial Zoning District, the zoning designation accommodates a broad range of retail, automotive, contractor, service, restaurant, laundromat, warehouse, and light manufacturing uses. This zoning flexibility, combined with the asset's layout and accessibility, creates opportunities for owner-users, investors, contractors, distributors, automotive businesses, specialty retailers, laundromats, dry cleaners, service providers, and light manufacturing operations.

The building's functional layout supports a variety of operational needs. Features include oversized sliding industrial doors providing drive-in access and convenient ground-level loading, making the property well suited for inventory storage, equipment operations, fabrication, distribution, and contractor uses. A secure concrete block room within the warehouse provides additional workspace, inventory storage, or secure equipment storage. A new TPO roof was installed on the front portion of the building in 2025, reducing near-term capital expenditure requirements for future ownership.

Outside, a combination concrete and asphalt parking area is located directly adjacent to the warehouse access point. Additional unpaved parking and storage areas are accessible via a concrete apron along the north and east sides of the building, providing flexibility for vehicle storage, contractor equipment, trailers, boats, fleet vehicles, or outdoor inventory.

Adding to its legacy and visibility, Bennett Glass successfully operated from this location for more than 50 years, establishing the property as a recognized commercial destination within the Palatka market and demonstrating the site's long-term viability for business operations.

Palatka is part of the Jacksonville–Kingsland–Palatka, FL-GA Combined Statistical Area (CSA), a regional economy encompassing approximately 1.9 million residents according to the U.S. Census Bureau's 2024 population estimates. The region is anchored by the Jacksonville metropolitan economy, which generated more than $129 billion in annual economic output according to the U.S. Bureau of Economic Analysis (2023). The CSA experienced approximately 9.4% population growth between 2020 and 2024 (U.S. Census Bureau), reflecting continued expansion throughout Northeast Florida. This growth has attracted significant public and private investment, including Bass Pro Shops' announced plans for an approximately 5,200-acre outdoor resort development in nearby Welaka. Combined with Palatka's strategic location along the St. Johns River and its proximity to Jacksonville, St. Augustine, Gainesville, and Ocala, the asset is well positioned to benefit from the expanding population base, tourism growth, and commercial investment occurring throughout the Jacksonville–Kingsland–Palatka CSA.

Investment highlights

  • High-Visibility Corner Location – Approximately 200 feet of corner frontage along historic St. Johns Avenue with exposure to 8,100 AADT, just one block from the US 17/SR 100 commercial corridor carrying approximately 25,500 AADT (2025 FDOT).
  • Flexible C-2 Intensive Commercial Zoning – Supports a broad range of retail, automotive, contractor, service, restaurant, laundromat, warehouse, and light manufacturing uses.
  • Functional Flex Space Configuration – Combination office/showroom and warehouse/shop space featuring drive-in access, ground-level loading, oversized sliding industrial doors, and a secure concrete block storage/work area.
  • Recent Capital Improvements – New TPO roof installed in 2025, reducing near-term capital expenditure requirements for future ownership.
  • Outdoor Storage & Equipment Parking – Concrete, asphalt, and additional unpaved storage areas provide flexibility for contractor equipment, trailers, boats, fleet vehicles, and outdoor inventory.
  • 50+ Year Proven Business Location – Home to Bennett Glass for more than 50 years, demonstrating the property's long-term viability, visibility, and operational success within the Palatka market.
  • Located Within a Growing Regional Economy – Positioned within the Jacksonville–Kingsland–Palatka CSA, a region with nearly 1.9 million residents, $129+ billion GDP, and 9.4% population growth between 2020 and 2024, supported by significant regional investment activity, including Bass Pro Shops' planned 5,200-acre outdoor resort development in nearby Welaka.

Listing Contacts

Century 21 J W Morton Real Estate Inc
Listed by Century 21 J W Morton Real Estate Inc

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$21,600.00
$1,800.00/mo

Valuation Metrics

0
DSCR
9.19%
Cap Rate
9.19%
ROI

Map

Zoning

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C-2 CommercialSpecial CommercialCommercial Intensive
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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