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$599,000
Est. payment /mo
4,144 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 4,144 sqft
Price per Sqft $144
Subdivision Oak Ridge Sub
MLS Listing ID FC303359
HOA Y/N No
Originating Board Stellar MLS
Year Built 1964
Annual Tax Amount $7,316
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Restaurant
Property Description
This newly renovated turn-key commercial building has two units, both currently occupied by a cafe / restaurant. The property offers a prime opportunity for investors with a long term tenant in place, with 9 years left on their lease. Situated on a prime corner lot on a busy thoroughfare and there is over 4,144 square feet of leased space, with C-2 zoning. Current income is $4,000 per month for both units, providing stable and consistent rental income. The property has a full commercial kitchen and three ADA accessible restrooms. The building has been recently updated with new paint, flooring, walk-in cooler, and resurfaced parking lot, enhancing its appeal and functionality. Located on a well-traveled avenue, this property combines a strategic location with reliable tenancy, making it a solid investment choice.
Location
State FL
County Putnam
Community Oak Ridge Sub
Area 32177 - Palatka
Zoning C-2
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Concrete,Wood Siding
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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