511 St Johns AvenuePalatka, FL 32177Price: $1,990,000

Prime Downtown Commercial Opportunity - Former Bank Building Over 17,000 Sq. Ft. Approx. 1.5 Acres (2 Parcels) An exceptional investment and business opportunity in the heart of downtown Palatka! Located directly across the street from the county courthouse and just five blocks from the historic St. Johns River, this expansive commercial property spans two separate parcels and benefits from two hard corners, offering incredible visibility, heavy traffic, and unmatched versatility for a wide variety of business ventures. Prime Location & Exterior Features Positioned on a high-visibility 1.5-acre downtown footprint, the property features over 50 paved parking spaces for clients and employees, along with a prominent pylon sign for maximum street exposure. Adding to its unique functionality is a separate outbuilding formerly used for drive-thru tellers, perfect for modern drive-up services, a coffee shop, or customer pickup windows. Interior Layout & Specialized Infrastructure Spanning over 17,000 square feet, the multi-level building is designed to accommodate large-scale operations. Key interior highlights include: Multiple Private Offices & Conference Room: Ideal for corporate headquarters, professional firms, law offices, or medical practices. Elevator Access: Convenient accessibility between floors for clients and staff. Secure Vaults: Features two built-in vaults, including one equipped with safe deposit boxes inside-a nod to its secure banking heritage. Dedicated Classroom / Daycare Wing: One side of the building is fully configured with spaces tailored for classrooms, a daycare, or a training center. Endless Business & Development Potential Beyond traditional corporate or professional offices, this landmark property lends itself to a multitude of lucrative commercial uses, including: Multi-Tenant Retail or Mixed-Use Center: Subdivide the sprawling square footage for boutique shops, fitness studios, or professional suites. Dining & Entertainment Hub: Capitalize on the downtown foot traffic by converting the space into a destination restaurant, brewpub, or event venue. Financial Institution, Medical Clinic, or Educational Campus: Leverage the existing secure infrastructure and dedicated classroom wing. Properties of this scale, prominent dual-corner location, and downtown prominence rarely become available. Schedule your private tour today to explore the endless possibilities!