945 Highway 17 - Putnam County Development Site 3,425 Acres of Residential Land Offered at $54,440,881 CAD in Palatka, FL 32177

Located on the western side of Hwy 17 between Green Cove Springs and the town of Palatka. This property is ideally positioned to take advantage of the rapid growth along Hwy 17 on the south side of Green Cove Springs due to the new Outer Beltway. This Outer Beltway project is a $2 billion highway project extending from I-10 through Clay County and across the new Shands Bridge connecting St Johns County to I-95 south of Jacksonville. This key beltway will open the southern Clay and Putnam County market to Jacksonville’s major employment areas as well as the Durbin Park Plaza, which is Jacksonville’s largest shopping, entertainment, and dining destination. The Outer Beltway extension to the St Johns River and the new four lane Shands Bridge will be completed by 2029-2030. The subject property is surrounded by timberland owned by Weyerhaeuser and adjacent to 1,670 acres owned by Putnam County. Putnam County is quickly becoming known as the “Trail Hub” of Northeast Florida. Palatka is the center point of the Lake Butler to St. Augustine Rails-to-Trails project which is nearly complete and serves as the backbone for an elaborate Trail System. The Town of Palatka is experiencing its own quiet growth and being only 6 miles from the subject property, provides many services such as HCA Florida Putnam Hospital, Publix Supermarket at the Town & County Plaza, restaurants and shops. Bass Pro Shops has also recently purchased 6,000 acres in the area with plans of developing a major golf and fishing resort similar to their famed Big Cedar Lodge in Missouri.