1204 Oak St Spécialité 372 m² À vendre Palatka, FL 32177 320 161 € (861,55 €/m²) Taux de capitalisation 9,49 %

27 Unit Self Storage Complex.
Corporate owner is jettisoning smaller properties that do not fit their business model, making this an excellent opportunity for a local investor looking to manage a well-positioned, income-producing property. Acquired as part of a portfolio, this commercial property is ready for the next owner to take advantage of its solid rental income and expansion potential.
Located in the heart of Palatka, FL, this property offers 4,000 sq ft of storage space with 12 of 27 units currently rented, generating a solid income stream. With room for growth this property is perfect for a hands-on investor who can leverage its existing cash flow and fill the remaining units.
Property Features:
Lot Size: .46 acre
Building Size: 4,000 sq ft ( 2-2,000 sq foot buildings)
Construction: Concrete and Metal Roof
Zoning: City of Palatka C-2 Commercial, General, Light
Future land use: Residential High Density
Storage Units: 27 total units, 12 currently rented, offering immediate rental income.
Parking: Space for tenants and outside storage customers.
Visibility: High-traffic area with excellent street frontage on Oak Street, ensuring maximum exposure for your business.
Pro-Forma Potential: With full occupancy of storage units, income could significantly increase, making this a great investment opportunity with strong returns. Real Path to great cap rates. Minimal Expenses with half vacancy ready for capable investors to fill it up and maximize unit pricing.
Location Highlights:
Centrally located in Palatka, FL, close to local dining, shopping, and recreational amenities.
Easy access US Highway 17, ensuring high visibility and convenient access for tenants and customers.
Contact us today to schedule a tour or for more details on how this property can become a valuable addition to your investment portfolio!