3125 Coastal Hwy - Manufactured Housing/Mobile Housing FOR SALE


Saint Augustine, FL 32084
$1,800,000 USD
904-466-6539
3125 Coastal Hwy, Saint Augustine, FL for Sale
$1,800,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/32
null | Request Cap Rate

3125 Coastal Hwy
Saint Augustine, FL 32084


HIGHLIGHTS

  • Prime Coastal Location: Steps from Vilano Beach and minutes from downtown St. Augustine.
  • RG-1 Zoning: Allows for single-family redevelopment or continued use as a mobile home park.
  • Redevelopment Potential: Subdivide into three lots with compliance to county density regulations.
  • Income-Generating Property: Existing triplex with steady rental income potential.
  • Desirable Market: Appeals to high-net-worth buyers seeking luxury coastal living.
  • High Demand Area: Located in a popular tourist destination with strong property appreciation.

OVERVIEW

3125 Coastal Highway offers a rare opportunity to invest in the vibrant coastal community of Vilano Beach, FL. Spanning 0.82 acres, this property is steps from the beach and minutes from historic downtown St. Augustine. Currently featuring an income-producing triplex with gross annual rental income exceeding $86,000, this property is primed for redevelopment, offering multiple pathways to unlock its potential and capitalize on Northeast Florida’s thriving market. Its desirable location ensures strong demand for both rental and luxury housing options. The property’s Residential-C Coastal designation and RG-1 zoning provide flexibility for redevelopment. Options include retaining the triplex as a legal nonconforming use while subdividing the land for two single-family homes or pursuing rezoning to build two additional triplexes. Another option allows for replacing trailer pads with modern tiny homes for cost-effective rental income. Lastly, the triplex could be converted into a luxury single-family home alongside two newly built high-end beach residences, catering to Vilano Beach’s premium market demand. Whether you’re seeking steady rental income, high-end home sales, or a combination of both, 3125 Coastal Highway offers a versatile canvas for visionary development. Its prime location, existing income, and proximity to world-class amenities make this property a premier investment opportunity in one of Florida’s most dynamic and desirable markets.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

10

PRICE/UNIT

$180,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

RG-1

APN/PARCEL ID

149120-0000

ASK ABOUT THIS PROPERTY

Matthew AdamsBerkshire Hathaway - Florida Network RealtyMore Info
904-466-6539

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Matthew AdamsBerkshire Hathaway - Florida Network RealtyMore Info
904-466-6539

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.