600 Reid Street, PALATKA, FL 32177

Outstanding Investment Opportunity with 8% Cap Rate This 4,400 sq. ft. insulated, steel framed metal building is fully leased to a long term tenant, offering reliable passive income. Positioned on a 0.21 acre lot, the property features a flexible layout that can accommodate a wide range of commercial usesmaking it ideal for investors seeking stable returns and future adaptability. Featuring a front retail space with office and one bathroom, and a spacious warehouse area with a roll up door, this property provides seamless functionality and flexibility. The warehouse area boasts 10 to 13 ft. ceiling heights and durable concrete floors, ensuring easy maintenance and adaptability for storage, production, or distribution operations. Strategically positioned on the high traffic corner of Reid & 6th Street, this location offers excellent visibility and accessibility for both customers and employees. The site includes ample parking, enhancing convenience for various commercial uses. Zoned C 2 Commercial General Light, this property accommodates a wide range of business types. The annual insurance cost is approximately $2,193.23, and the current property taxes are $2,544.00. There is a long term tenant, a Vape Shop, with 3 years left on their lease currently paying annually $47,628.00.