4508 Us-1 - Restaurant FOR SALE


Saint Augustine, FL 32095
$1,700,000 USD
904-501-5210
4508 Us-1, Saint Augustine, FL for Sale
$1,700,000 USD
Restaurant - FOR SALE
1/19
null | 7.65% Cap Rate

4508 Us-1
Saint Augustine, FL 32095


HIGHLIGHTS

  • Prime location on US-1 N, 25,000 cars/Day
  • Strong Local Trade area with Captive Daytime Population-The single largest employer in St. Johns, Northrop Grumman, within 500' of site.
  • Located on Northbound side of US-1 to catch morning commuter traffic to Jacksonville
  • CG Zoning- Allows majority of retail uses by right, including Drive-Thru
  • Seller Financing Considered for Qualified Owner-Operators

OVERVIEW

Market Force CRE, as exclusive advisor to the Seller, is pleased to present 4508 US-1, St. Augustine, FL to the market for sale. 4508 US-1 is a freestanding 2nd generation restaurant building located on approximately .46 acres. Zoned Commercial General in St. Johns County, the property is zoned for restaurant, liquor store, drive thru, bank, cannabis/medical dispensary, and other general retail uses. St. Johns County is one of the fastest growing counties in the entire U.S., with over 416,000 square feet of retail recently delivered in the last 12 months. However, the urban core of St. Augustine still remains underdeveloped, and prime retail opportunities on US-1 this close to the downtown St. Augustine are few. This property’s competitive advantage is its proximity to the downtown St. Augustine core, while still being accessible to over 20,000 newly built homes in St. Johns County. US-1 acts as the primary commuter corridor from St. Augustine to Jacksonville FL, and this property’s positioning along the northbound side provides an ideal opportunity to not only capture morning commuter business, but also the captive workforce populations at the St. Johns County Government Complex less than 500’ away across US-1 and the Northeast Florida Regional Airport and Northrup Grumman Northeast FL headquarters less than 400’ to the north. With 585 luxury apartments recently delivered in 2018 and the luxury waterfront Madeira master planned subdivision (228 units in delivery), there is an extremely affluent local demographic located less than 1 mile from the site.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$604 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Drug Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CG

APN/PARCEL ID

081550-0090

ASK ABOUT THIS PROPERTY

Zachary LemkeMarket Force CREMore Info
904-501-5210

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Zachary LemkeMarket Force CREMore Info
904-501-5210

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