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Prime Retail Redevelopment & Leasing Opportunity | 23, 194 SF | 2. 23± Acres
Position your business at one of Palatka's most recognizable retail locations. This 23, 194± square foot freestanding commercial building sits on 2. 23± acres at the highly visible, signalized intersection of US Highway 17 (Reid Street) and State Road 20, offering exceptional exposure, easy access, and outstanding redevelopment potential.
Formerly occupied by Winn-Dixie and Dollar General, this versatile property is ideal for a wide range of users including grocery, discount retail, fitness, medical, entertainment, furniture, showroom, self-storage conversion, government offices, educational facilities, or mixed-use redevelopment. The expansive floor plan provides flexibility for a single tenant or the potential to subdivide for multiple occupants. With approximately 30, 000 vehicles per day traveling along US Highway 17 (Reid Street), this location delivers outstanding visibility and consistent customer traffic. The property also features ample parking, multiple points of ingress and egress, and is surrounded by national retailers, restaurants, government offices, and established residential neighborhoods.
Located within the heart of downtown Palatka and designated within an Opportunity Zone, this is a rare chance to secure a premier commercial site with endless possibilities. Whether you're expanding an existing business, launching a new concept, or redeveloping a high-profile corner, 820 Reid Street offers the size, location, and exposure to make your vision a reality.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$24,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $19,600 | $19,600 | $19,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.697% | 6.650% | 5.992% |
| Monthly Tax Payment | $2,946 | $2,946 | $2,946 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $119 | $124 | $163 |
| Total Monthly Payment | $3,140 | $3,145 | $3,184 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.