3524 Reid St

Description

Mixed-use redevelopment opportunity consisting of a total of four (4) acres, strategically located just east of the signalized intersection of State Road 19 and Reid Street also known as State Road 100 in the City of Palatka in Putnam County, Florida. This intersection is also the gateway to the prime commercial corridor in Palatka, which is the location for several national retailers and restaurant chains including Lowe's, 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 Jacksonvilleas well as the surrounding areas with traffic counts ranging from over 18,000 to 22,000 VPD. The 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 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 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.