Description of 3524 Reid Street, Palatka - MLS# 1247962
4 Acre Commercial Opportunity strategically located just east of the signalized intersection of SR 19 and SR 100 aka Reid Street also known as State Road 100 in Palatka, Florida. This property is located directly across the highway from the proposed ''Wawa'' convenience store (6,119 SF Building) with fuel service (8 Pump Islands) and a LongHorn Restaurant, located on a 5 acre tract at the southeast corner of SR 19 and SR 100 aka Reid Street. Seller is open to build to suit, land lease, or joint venture to develop a portion or entire 4 acre site, which also has rear access from Phillips Dairy Road, connecting west to SR 19. This area is the prime commercial corridor in Palatka and is the location for several national retailers and restaurant chains including Lowes, Home Depot, Tractor Supply, Harbor Freight, Holiday Inn Express, Zaxby's, Krystal, Sonic, and Sonny's BBQ as well as a community shopping center with a Publix Anchor tenant all located within a mile and a half radius of the site. State Road 100 is also the main traffic corridor for commuters and distributors from Gainesville and Ocala to St. Augustine and Jacksonville as well as the surrounding areas with traffic counts ranging from over 18,000 to 22,000 VPD. Putnam County is seeing an influx of new residents from St. Augustine and the surrounding areas and is also the future location of "Bass Pro Shops", who has acquired over 5,000 acres in the southeastern portion of the County along the St. Johns River. As previously stated, the subject site consists of three (3) contiguous parcels, containing a total of four (4) Acres, more or less, with an existing use for used automotive sales. The total property has an estimated total of 420 feet of frontage on State Road 100 also known as Reid Street with four (4) paved existing FDOT entry/exits. The total site also has an estimated total of 325 feet of frontage on the rear boundary or Phillips Dairy Road with direct access to State Road 19. As a result, access as well as visibility is considered excellent. The site can accommodate a variety of highest and best use, multi-tenant commercial scenarios possible based on its mixed-use commercial (C2 & C3) and light industrial zoning. The property is improved with two small commercial buildings as well as an older single-family residence, which are all interim uses of the property to be razed for future development.
