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$2,499,000
2139917 MLS 32177 Zip Code
Turn-Key 7-Building STR Portfolio + 5,500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment. The residential portfolio consists of: 3 single-family homes 1 triplex 2 duplexes (Totaling 11 rentable units and 3,650 rentable nights annually) In addition, the property includes two stabilized long-term leases generating $5,000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand. Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55-65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings. A major differentiator is the 5,500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including: Owner/operator headquarters Equipment or fleet storage Income-producing commercial lease Medical, wellness, or therapy facility conversion Assisted living / elder care concept (subject to zoning/approvals) This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential. Market Tailwinds - Putnam County Growth: Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.

100 Pilothouse Court, Palatka

$450,000
1179763 MLS 32148 Zip Code
Fantastic Commercial Opportunity includes 1.61 Acres, zoned Industrial light w/ 3 buildings, and an opportunity to add on 3 additional parcels totaling 4.97 Acres at an additional $60K per acre, that is a total combined size of 6.58 Acres at $857,200. The first building is concrete block built in 2015 measuring 4480 sqft and could be split into multiple suites for offices, retail, or professional space. There are currently 7 meters with 6 electric panels (200 amps each) & plumbing stubbed out for 6 bathrooms. This building is ready for your build out to turn it into a functional space for yourself or tenants. The second building is insulated concrete block, built in 2006 and is 1216 sqft with a 200 amp electric panel & 1 bathroom. This building would be perfect for a workshop or storage space. Both of these buildings are on city water and septic. Septic was installed approximately 2008. The third building is wood frame built in 1984 with a concrete slab floor and approximately 5600 sqft w/ water hookups on the exterior. The additional land available to the rear of this property is the 3 parcels totaling 4.97 acres which can be added on singularly or all three, depending on your needs. They are listed in the survey/site plan as Parcel C " 1.40 Acres", Parcel D "1.98 Acres", Parcel E "2.65 Acres" with 1.06 Acres of Parcel E not included in the sale sale. Owner will consider owner financing with at least 20% down. Contact listing agent for more details.

106 Mathe Avenue, Interlachen

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