6100 Saint Johns Ave - Medical FOR SALE


Palatka, FL 32177
$1,497,857 USD
866-889-0550
6100 Saint Johns Ave, Palatka, FL for Sale
$1,497,857 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

6100 Saint Johns Ave
Palatka, FL 32177


HIGHLIGHTS

  • Expected Growth: As of 2024, Putnam County earned the title of Florida’s top job-generating region.
  • Healthcare Synergy: Surrounded by other medical operators and located near the town’s medical corridor.
  • Florida Real Estate: Located in the “Sunshine State,” the property benefits from strong real estate fundamentals and its Florida location.
  • Easily Retainable: Divided into small (±1,500 SF) spaces, the property offers a tenant-friendly structure that can be easily re-tenanted.
  • New Roof: Installed in Q1 of 2025, the back building features a new roof, minimizing the need for day-one capital expenditures.
  • Close Hospital Proximity: The property is strategically located less than a mile from HCA Florida Putnam Hospital.

OVERVIEW

Matthews™ Real Estate Investment Services is pleased to present qualified investors with the opportunity to acquire a well-located, multi-tenant medical asset in Palatka, FL—positioned less than a mile from HCA Florida Putnam Hospital, the region’s only full-service hospital. Offered at under $170 per square foot—less than half of the estimated replacement cost—this asset provides an attractive basis for investors seeking durable cash flow and long-term upside. A brand-new roof was installed in Q1 2025 on the rear building, minimizing the need for immediate capital expenditures. The property’s flexible layout, divided into 1,500-square-foot suites, makes it easily retainable and adaptable to a wide range of medical users. With all existing tenants operating under triple net leases featuring 2–3% annual rental increases, the property has minimal landlord responsibilities, offers truly passive income, and provides a reliable hedge against inflation with steadily growing returns.

FOR SALE DETAILS

PRICE

$1,497,857 USD

PRICE/SF

$322 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SAINT JOHNS AVE MEDICAL COMPLEX

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Convenience Store, Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

Commercial C - 2

APN/PARCEL ID

03-10-26-0000-0131-0070

ASK ABOUT THIS PROPERTY

Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

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