Discover a rare investment gem in the heart of Downtown St. Augustine: a versatile property zoned CM-2, combining commercial potential with residential appeal and prime waterfront access. This unique offering includes two distinct units, both residential and commercial, along with a shared dock with two dedicated boat slips on the San Sebastian River, presenting unmatched value for investors, business owners, and water enthusiasts alike. This listing is just for units A & D, with 2 Boat Slips. Unit A serves as a spacious first floor commercial office or retail space, featuring a kitchenette, a bathroom, and a private back deck. The front entryway has a potential reception office, an open workspace, and an attached workshop with two sets of double doors for ease of access. Additionally, there’s a generous shared side yard with a deck, perfect for business gatherings or outdoor flexibility, blending functionality with a welcoming ambiance. Unit D, the residential component, offers an upstairs charming two-bedroom, one-bathroom apartment with central A/C, custom maple cabinetry in the kitchen, and beautiful maple and tile flooring throughout. With both front and rear balconies, this unit provides inviting spaces to relax and enjoy the views. It currently holds a lease, generating steady rental income. Both units benefit from access to a shared dock, extending to two two private boat slips, each under a month to month lease and ripe with potential for expansion. The two slips have water and electricity. With riparian rights, the property appeals particularly to those seeking waterfront amenities and exclusive access. For flexibility, the seller is open to various purchase arrangements, whether as a complete package including both units and boat slips or individually, with tailored options for each unit and boat slip. For Upstairs Residential with Boat Slips:$750,000. For Upstairs Residential w/o Slips:$525,000. For Downstairs Commercial with Boat Slips: $850,000 For Downstairs Commercial w/o Slips: $625,000. Entire Building may potentially be available for interested parties, inquire to Broker. This offering is ideal for those looking to own a piece of St. Augustine’s vibrant scene, with the unique blend of commercial and residential space in a sought-after waterfront location.