6100 St Johns Ave

For Sale

6100 St Johns Ave, Palatka, FL 32177

This Palatka property for sale is located at 6100 St Johns Ave. The general use of 6100 St Johns Ave is office and it incorporates 9,292 square feet of class C office space. The current listed sale price for 6100 St Johns Ave is $1,500,000.

Contacts

broker

Zach Lemke

RE/MAX Market Force

(904) 501-5210

Property Details

  • Property Type Office - Medical Office
  • Property Size 9,292 SF
  • Units 6
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 2006
  • Date Updated Mar 8, 2024
Palatka, FlMarket Force CRE, as exclusive advisors to the seller, is pleased to present this opportunity to acquire a Value-Add Medical Office Complex in bustling Palatka, Florida. Comprised of two identical Medical Office buildings built in 2001 and 2006, both buildings encompassing 4,646 SF between 3 units each, 6 units total. Currently 5 of 6 units are occupied, with a 5.73% As-is Cap and a 8.4% Fully-Stabilized Cap Rate. Market Force is in the process of transitioning all units to NNN leases and filling vacant units. Unit 5 is available for lease separately. The Owner-occupant is willing to execute a sale-leaseback at closing. Please Reference the attached Offering Memorandum for As-is and Pro-Forma Rent Rolls.up to 4,500+- SF Of Medical Office available for lease

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Highlights

  • Less than 1/4 Mile from Kay Larkin Airport
  • Dominant positioning less than 1/2 mile from State Road 19, with 20,500 AADT.
  • 8.4% PRO-FORMA Cap if Fully Stabilized
  • Diverse tenant mix
  • Less than 1/4 Mile from HCA Florida Putnam Hospital
  • 5.73% AS-IS Cap

Getting around

  • 11/100

    Walk Score ®

  • 32/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Palatka, FL
  • Neighborhood Palatka
  • Zip Code 32177
  • Market North Central Florida

Points of Interest

  • Palatka

    2.77 miles

  • RaceWay

    5.11 miles

  • Shell

    5.41 miles

  • Holiday Inn Express & Suites Palatka Northwest

    1.12 miles

  • Sleep Inn & Suites Palatka North

    1.18 miles

  • Hampton Inn Palatka

    3.43 miles

  • Regency Inn

    3.49 miles

  • Quality Inn & Suites Riverfront

    3.54 miles

  • Best Western Inn of Palatka

    4.43 miles

  • Walmart Supercenter

    0.78 miles

  • Publix

    0.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Zach Lemke

RE/MAX Market Force

(904) 501-5210