1204 Oak St - Self-Storage Facilities FOR SALE


Palatka, FL 32177
$390,000 USD
904-315-7435
1204 Oak St, Palatka, FL for Sale
$390,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 9% Cap Rate

1204 Oak St
Palatka, FL 32177


HIGHLIGHTS

  • 27 Units and Lot Space
  • Great Location!!
  • Concrete Construction and Metal Roof

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$390,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C2

APN/PARCEL ID

42-10-27-6850-2150-0400

ASK ABOUT THIS PROPERTY

Townsend RussellGreat Expectations RealtyMore Info
904-315-7435

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Townsend RussellGreat Expectations RealtyMore Info
904-315-7435

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.