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$425,000

102 PHILLIPS DAIRY RD
PALATKA, FL 32177
Listed by Wayne Buhler · CENTURY 21 J.W.MORTON R.E.
Bedrooms
N/A
Bathrooms
N/A
Living area
1,560 sqft
Year built
1960

About this home

See Realtor Remarks: Remodeled, turnkey second-generation restaurant located along Palatka’s State Road 19 commercial corridor within the Jacksonville–Kingsland–Palatka, FL-GA Combined Statistical Area (CSA). Positioned ±500 feet from one of the area’s busiest signalized intersections, where 2025 FDOT data indicate AADT traffic volumes up to 20,500 vehicles per day, the corner site offers ±136 feet of SR 19 frontage with strong visibility along this commercial corridor. The ±1,574-square-foot building features two dining areas, host/service area, private dining or flex space, office/storage, dedicated takeout room, commercial kitchen, and two restrooms with washable tile finishes throughout. The commercial kitchen includes a 9-foot hood with Ansul fire-suppression system, stainless-steel wall panels, gas range/oven, three-compartment sink, and dedicated handwashing sink. An adjoining takeout room with service window supports dine-in and off-premise sales and multiple revenue channels. The property is served by public water, sewer, and natural gas, with two tankless gas water heaters. A grease storage tank provides a revenue stream through biodiesel collection. The rear of the site previously accommodated outdoor seating for ±45 patrons and offers flexibility for outdoor dining or parking expansion; plans are available. A separate block storage building includes a washer and dryer with hot-water capability. C-1 General Commercial zoning provides flexibility beyond restaurant use, allowing a range of retail, service, office, and other commercial uses, subject to City requirements and approvals. The property previously accommodated a multi-use configuration, with a hair salon and barber shop operating alongside the restaurant, demonstrating adaptability for complementary uses and owner-user or investor configurations. The asset’s improvements and flexible use profile are complemented by its position within the Northeast Florida economy. The Jacksonville–Kingsland–Palatka CSA encompasses ±1.93 million residents based on U.S. Census Bureau 2025 population estimates, reflecting continued population growth since 2020. This expanding regional population base supports continued residential, commercial, and service-sector investment throughout Northeast Florida. As the county seat of Putnam County, Palatka serves as an employment and service center with an economic base spanning government, education, healthcare, manufacturing, utilities, and retail. Major Palatka and Putnam County employers include the Putnam County School District, Georgia-Pacific’s Palatka operations, Putnam County government, St. Johns River Water Management District, HCA Florida Putnam Hospital, St. Johns River State College, Seminole Electric Cooperative, and major retailers. Together, these employers provide an established customer base, supporting demand for restaurant, retail, and service-oriented uses that this asset is positioned to accommodate.

Property details

MLS #
MFROM731119
Property type
Restaurant
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
August 26, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.26 acres

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Est. monthly payment
$2,709/mo
$85,000 down
$340,000 loan
Principal & interest$2,205
Property tax (est.)$354
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.