Property Description
R-3 MULTIFAMILY ZONING - DEVELOPMENT OPPORTUNITY. Vacant residential lot located in Palatka in Putnam County. This parcel is zoned R-3 Residential Multifamily, which allows multifamily residential development per the zoning verification letter from the City of Palatka (see attached MLS documents).This property is being marketed individually but must be purchased together with the adjacent lot at 4416 Cobalt St, creating a combined site of approximately 0.34 acres. Based on the R-3 zoning density of 18 units per acre, the combined parcels may allow up to approximately six (6) residential units, subject to city approval, site planning, and verification by the buyer.Possible development options may include townhomes, duplexes, or a small multifamily building, depending on final design and municipal approval. Buyers should verify lot dimensions, frontage, easements, utilities, and development requirements with the City of Palatka and Putnam County.Convenient location near local schools, shopping, and access to the scenic St. Johns River area.Zoning verification letter is attached in MLS documents for buyer review.
Property Features
Property Type: Land - Lot/Land
Lot Size: 0.17 Acres
Taxes: $59
Feature Descriptions
Days on Site: 2
Directions: From downtown Palatka, take State Road 19 north, turn right onto Cobalt St, and continue to the lots located near 4412 Cobalt St.
Flood Zone Code: X
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Other
Lot Dimensions: 0.17
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: None
Showing Instructions: Other, See Remarks
Special Sale Provisions: None
Utilities: Other
Water: None, Public
Water Access Y/N: No
Zoning: R-3 RES/MU
Listed By / Shown By
Listed By
Agency Name: CREATIVE R.E. & PROJECTS, LLC
Agency Contact: 954-317-3681
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimate Your Payment
Estimated Payment
$ 140.18 per month $127.55 Principal & Interest $4.92 Property Tax $7.71 Homeowner's InsuranceChange Payment Information
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4414 Cobalt Street | MLS# O6388694
This land located at 4414 Cobalt Street , Palatka, FL 32177 is currently listed for sale with an asking price of $26,450. The property has approximately 0.17 Acres. Search Palatka real estate on www.watsonrealtycorp.com today.