Address
111 King ST St. Augustine, FL
Price
$ 3,390,000
Property Attributes
  • MLS#1127847
  • TypeCommercial
  • CountySAINT JOHNS
  • CitySt. Augustine
  • AreaDowntown St Augustine
  • Zip32084
  • StyleBusiness,Commercial,Retail
  • Price$ 3,390,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Data Source:
Northeast Florida MLS (NEFMLS) - 54 - FL
Property Description

Four (4) Unit, Multi-Tenant Commercial Building consisting Two (2) Retail Tenant Spaces and Two (2) Restaurant Tenant Spaces located in the primary commercial entry corridor to the downtown historic district of the City of St. Augustine. This is a rare offering and the best opportunity to purchase an income producing building with on-site parking and rear alley access in one of most sought after downtown locations. The building is 100% occupied, however there will be space available in the near future while plans and financing arrangements can be made in order to accommodate your future business venture. Your business will capitalize on the existing high exposure from both vehicular & pedestrian traffic as well as the local sightseeing trolley/train tours filled with tourists year round.

Price History
8/25/2021 Listed $3,390,000

General Features

# of Buildings 3 Buildings
Annual Desc/invest: Existing Rental Inc 167788.00
Annual Desc/invest: Net Operating Income 130054.00
Annual Desc/invest: Occupancy Rate 100.00
Annual Desc/invest: Total Oper Expenses 37734.00
Category Commercial
Ceiling Height 10' - 12' Ceilings, 8' - 10' Ceilings
Days on Market 104
Expenses Include Accounting/Legal, Insurance, Licenses & Permits, Repairs & Maint, Taxes-Real Estate
Listing Area 322-DOWNTOWN ST AUGUSTINE
Lot Location Downtown, Urban/City
Occupancy Tenant Occupied
Possible Financing Cash, Conventional
Present Use/zoned Commercial, Retail
Property Type F
Region 32-ST JOHNS COUNTY-ST AUGUSTINE AREA-E OF US-1
Road Frontage 3 Lane Road, City Street
Roof Built-Up
Status Active
Stories 1 Story
Tenant Expenses Utilities
Type Retail
Utilities Sewer - Public, Water - Public
Waterfront No
Year Built 1962
Zoning CL-1

Interior Features

# of Units 1 - 4 Units
HVAC Central
Living Area 5424.00

Exterior Features

Condition Good
Exterior Concrete, Slab
Exterior Wall Concrete
Lot Description/view Curb & Gutter, Regular Lot, Sidewalks
Navigable to Ocean No
Parking Facilities 11 - 25 Spaces, Asphalt Blacktop, Gravel, Other Parking
Road Surface Asphalt Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 32084

Price
AVG $1.26M
$3.39M
Visits
AVG 53
64
Year Built
AVG 1950
1962
Walkscore
AVG 46
88
Data Provided by Walkscore ® not using MLS data

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