This newly renovated turn key commercial building has two units, both currently occupied by a cafe / restaurant. The property offers a prime opportunity for investors with a long term tenant in place, with 9 years left on their lease. Situated on a prime corner lot on a busy thoroughfare and there is over 4,144 square feet of leased space, with C 2 zoning. Current income is $4,000 per month for both units, providing stable and consistent rental income. The property has a full commercial kitchen and three ADA accessible restrooms. The building has been recently updated with new paint, flooring, walk in cooler, and resurfaced parking lot, enhancing its appeal and functionality. Located on a well traveled avenue, this property combines a strategic location with reliable tenancy, making it a solid investment choice.
This newly renovated turn key commercial building has two units, both currently occupied by a cafe / restaurant. The property offers a prime opportunity for investors with a long term tenant in place, with 9 years left on their lease. Situated on a prime corner lot on a busy thoroughfare and there is over 4,144 square feet of leased space, with C 2 zoning. Current income is $4,000 per month for both units, providing stable and consistent rental income. The property has a full commercial kitchen and three ADA accessible restrooms. The building has been recently updated with new paint, flooring, walk in cooler, and resurfaced parking lot, enhancing its appeal and functionality. Located on a well traveled avenue, this property combines a strategic location with reliable tenancy, making it a solid investment choice.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 4144.00
Garage and Parking
Garage Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Road Frontage Type: State Road
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2023
Other Features
Country: US
Legal Description: OAK RIDGE S/D MB3 P188 BLK 8A LOTS 1 & 2 (EX OR182 P704 RD)
This unique Riverview opportunity in downtown Palatka is perfectly positioned in the heart of the historic commercial district. The 820 sq. ft. building, originally constructed in 1958 and fully renov
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