229 HWY 17
About This Property
Use Categories allowed in the C-2 district: 1. Retail Sales–General 2. Retail Sales–Food 3. Services, Except Tattoo Parlors 4. Office 5. Commercial Recreation and Entertainment 6. Cultural 7. Civic 8. Religious Facility 9. Child and Adult Day Care Center 10. Nursing Home 11. Hospital 12. Assisted Living Facility 13. Passenger vehicle service limited to tire, battery and oil changes 14. Lodging 15. Emergency Services 16. Car Wash 17. Drive-through facilities.
Use Categories that require a Special Use Permit to locate in the C-2 District:
1. Education 2. Clubs 3. Essential Public Service.
Use Categories allowed in the R-2 district: 1. ResidentialSingle Family 2. Mobile Homes 3. Community Residential Homes having 6 or less residents.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by GREAT EXPECTATIONS REALTY | $85,000 | |
| Listed by GREAT EXPECTATIONS REALTY | |||
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This is a prime vacant Commercial C-2 & Residential R-2 split zoning land parcel on the busy 4 lane Highway 17 in Palatka. There is approximately 149 ft of road frontage, and the parcel is located just north of Highway 100 and the downtown area. This property is ready for your next business venture. The parcel is approximately 149' x 229'.
Use Categories allowed in the C-2 district: 1. Retail Sales-General 2. Retail Sales-Food 3. Services, Except Tattoo Parlors 4. Office 5. Commercial Recreation and Entertainment 6. Cultural 7. Civic 8. Religious Facility 9. Child and Adult Day Care Center 10. Nursing Home 11. Hospital
| |||
| May 10, 2023 | Listed by GREAT EXPECTATIONS REALTY | $85,000 | |
| Listed by GREAT EXPECTATIONS REALTY | |||
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About Putnam
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1226622
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