Family Market with or without real estate 1201 Madison St

PRICE REDUCED FROM $1,500,000 TO $1,300,000 $200,000 (13.33% Reduction) you GOT TO SEE THIS potential of Palatka's favorite
Maharaja Realty is pleased to present the exclusive opportunity to purchase or buy business this free-standing supermarket located in the North Central FL Submarket at 1201 Madison Ave, Palatka, FL. 32177. This location has been there since 1994 and in business for over thirty years. It's surrounded by many large residential communities, all which provides a built-in customer base with traffic counts of 30,000 plus within 1 block south on Reid St/Highway 17. This road is a major, highly traveled road which covers Palatka city, allowing for ease of access to this property and the surrounding area. Comparable rents in the area are around $12 per Sq Ft.
Building one at this property is 9000 Sq Ft and is fully operating as a business. Building two is 8000 Sq Ft and needs new roof and some rehab. This is an excellent opportunity for an owner user to revitalize and develop this into a popular local store once again. The current store offers wide range of quality items from groceries and household goods to health and beauty products as well as a high margin in house full meat market, all in one place.
The seller is motivated!! The business currently operating is available for sale individually at $250,000 or including the real estate for the current listed price.