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4414 Cobalt Street

Palatka FL 32177

7405 sq. ft.
Land
Currently for sale - view listing

Overview

Under contract-accepting backup offers. R-3 MULTIFAMILY ZONING – PACKAGE DEVELOPMENT OPPORTUNITY. This parcel is zoned R-3 Residential Multifamily and is offered only as part of a package sale with the adjacent lot at 4416 Cobalt St. (MLS#: O6389250). The two parcels total approximately 0.34 acres. Per the City of Palatka zoning verification letter attached in MLS documents, the combined site allows multifamily residential development with a maximum density of 18 dwelling units per acre, supporting up to 6 dwelling units total, subject to buyer verification, site planning, and required approvals. Possible uses include duplexes, townhomes, cluster housing, and multifamily development. In addition to residential uses, the City’s zoning verification letter references certain Conditional Uses in the R-3 district, including professional/business offices, public offices, clinics, nursing/convalescent homes, and limited grocery retail, all subject to Conditional Use approval and buyer verification. Buyer should verify lot dimensions, frontage, easements, utilities, and development requirements with the City of Palatka and Putnam County.

Features

7405 sq. ft. lot size
Land

Happy sellers in Palatka

92%
92% of sellers in Palatka reported that their sale price either exceeded or met their price expectations.

Palatka stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Palatka over the last 12 months.

Local market activity for land plots in Palatka

In the last 12 months, 85 land plots similar to 4414 Cobalt Street, have been sold.

This represents a 31% increase in land plots sales when compared to the previous 12 months.

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