PALATKA PROMENADE — Sale in Palatka, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Property
- Location: Palatka, FL 32177
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
209,278 RSF Shopping Plaza | 27.46 Acres +/- 1 of 7 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out Palatka, Florida Palatka, Florida View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © 2026 Google © 2026 Google Terms Report a problem Gallery (7) View Map Street View × PALATKA PROMENADE Close Investment Highlights 209,278 RSF Shopping Plaza | 27.46 Acres +/- Deep Value-Add Opportunity at 71% Occupancy Over 95% of Current Tenancy Comprised of Credit Tenants More Than $3MM in Improvements Since 2018 Conveniently Surrounded by Walmart Supercenter, Winn-Dixie, Publix, Save-A-Lot, Home Depot, and Lowe's Direct Frontage/Access on N State Road 19, Which has 21,500 Vehicles Daily Ample Parking | Three Access Points on SR-19 Planet Fitness, Petsense, Marshalls, and Five Below Have Backfilled the Former K-Mart Next to Publix Just Down the Street Investment Highlights: • 209,278 RSF Shopping Plaza | 27.46 Acres +/- • Deep Value-Add Opportunity at 71% Occupancy • Over 95% of Current Tenancy Comprised of Credit Tenants • More Than $3MM in Improvements Since 2018 • Conveniently Surrounded by Walmart Supercenter, Winn-Dixie, Publix, Save-A-Lot, Home Depot, and Lowe's • Direct Frontage/Access on N State Road 19, Which has 21,500 Vehicles Daily • Ample Parking | Three Access Points on SR-19 • Planet Fitness, Petsense, Marshalls, and Five Below Have Backfilled the Former K-Mart Next to Publix Just Down the Street
Market Context
This retail in Palatka, FL is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Palatka, FL — view the full market.
Estimated Price per SF
$34.99/SF – $254.45/SF
Mid: $106.02/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact the listing broker
This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Ray Turchi · (407) 557-3847 · ray.turchi@marcusmillichap.com
- David Vaughan · (407) 557-3829 · david.vaughan@marcusmillichap.com
- Garrett Fierstein · (407) 557-3862 · garrett.fierstein@marcusmillichap.com
Questions to ask the broker
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- What is the asking price?
- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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