5961 Sr-A1A - Office/Residential FOR SALE


Saint Augustine, FL 32080
$1,250,000 USD
904-814-2080
5961 Sr-A1A, Saint Augustine, FL for Sale
$1,250,000 USD
Office/Residential - FOR SALE
1/47
null | 7% Cap Rate

5961 Sr-A1A
Saint Augustine, FL 32080


HIGHLIGHTS

  • Fully leased; 7% Cap Rate!
  • Quadplex - office & residential mixed use
  • Two 1,080 s/f offices with ADA bathrooms
  • Two 3 BR/ 2 BA long term rental units
  • Large on-site parking area
  • A1A visibility

OVERVIEW

This fully occupied mixed use quadplex is a 7% cap rate and is situated in the desirable Crescent Beach area of St. Augustine, spans two parcels (double deep) and offers a mix of office and residential use. On the first floor, there are two office spaces, each measuring 1,080 sq ft, featuring ADA-compliant bathrooms. These offices, in very good condition, can be internally connected and are fully leased, boasting an impressive 7% Cap Rate. The second floor houses two residential units, each with 3 bedrooms, 2 baths, and spanning 1,080 sq ft. These units come fully furnished, including full kitchens with appliances, and offer a serene neighborhood view, just a short walk to the beach. The property includes a concrete driveway and parking area with handicapped spots. It enjoys good visibility from A1A, is in flood zone AE, and encompasses a total area of 0.43 acres. Zoned Neighborhood commercial. Built in 2007, this property presents a valuable investment opportunity.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,171 SF

ZONING

CN

APN/PARCEL ID

182872-0130

ASK ABOUT THIS PROPERTY

Rich O'BrienColdwell Banker Commercial Premier PropertiesMore Info
904-814-2080

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Rich O'BrienColdwell Banker Commercial Premier PropertiesMore Info
904-814-2080

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