$179,900
435 W RIVER Road, Palatka, FL 32177, Palatka, FL 32177
Palatka
- Price
- $179,900
- Beds / Baths
- 2 / 1
- Living area
- 2,213 sqft
- Year built
- 1958
- Type
- Residential
- Lot
- 1.45 ac
- Garage
- 1
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Putnam
- Days on market
- 169
$81/sqft asking, vs a $162/sqft median across 259 closed sales in 32177 over the last 12 months — 50% below the area's closed prices. Property is priced 50% below area comps due to its as-is condition requiring significant renovation to both residential and commercial structures.
Rare WATERFRONT Commercial Opportunity! This unique property offers dual Commercial & Residential zoning w/ 70ft+ Water frontage on Deek Creek Canal w/ direct access to St. Johns River & from there, the Ocean! This commercial structure features a large open warehouse with a 1 car or boat Bay or garage w/ extra high ceilings making it ideal for Marine Repair, Boat Storage, Car Mechanics use etc. A concrete boat ramp provides direct water access perfect for any type of Marine or Boat related business. This property also has a 2BR/1BA ready for renovation, offering potential rental income, owner occupancy, or more office space. Flexible zoning and waterfront access create endless possibilities. Really close to Hwy 17. If it is water related, you got options.
What to check on this one
- Verify exact flood zone designation and elevation certificate for waterfront property.
- Confirm dual commercial/residential zoning permits and any deed restrictions or covenants.
- Inspect roof condition; 1958 home likely needs assessment for insurance eligibility.
- Obtain 4-point inspection + wind-mitigation report; verify insurer will cover commercial structure.
- Review septic system capacity for commercial + residential use; confirm permits.
- Confirm boat ramp ownership, maintenance responsibility, and any waterway easement agreements.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $143,920 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of PUBLIC SERVICES REALTY. Data via realMLS (Northeast Florida MLS), updated May 12, 2026, 3:11 AM.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.