facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

380 US Route 17

Updated Dec 4, 2024

Industrial Site At 380 US Route 17 Sold In Palatka For $2.9M
SOLDDevelopment Site

Industrial Site At 380 US Route 17 Sold In Palatka For $2.9M

380 US Route 17

$2,900,000

Building Size

Asset Type

Development Site

Closing

Apr 11, 2024

About this deal

AI

A 20-acre development site located at 380 US Route 17 in Palatka has been sold for $2,900,000. The property is already zoned for industrial use and is strategically positioned on a main corridor in Northeast Florida. Its attractiveness is further amplified by its proximity to Gainesville and Jacksonville, as well as its adjacency to key industrial facilities and transportation infrastructure.

Summary of transaction details:

The sale of this 20-acre industrial property at 380 US Route 17 in Palatka will pave the way for a future industrial operation. The site's desirability stems from its convenient location in Northeast Florida, its close proximity to major cities like Gainesville and Jacksonville, and its strategic positioning near essential industrial facilities and transportation networks.

Players

Jena Baker-Dennis

Great Expectations Realty

Broker

$6.8M

vol

2 deals

Broker

Palatka Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Deal FAQ

Visit Jena Baker-Dennis to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets