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111 King St , 111, 113, 115,

St Augustine, FL 32084
  • $3,390,000
  • STATUS: Active
  • ON SITE: 97 Days
  • MLS #: 1127847
UPDATED: 17 min ago
$3,390,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,424
    SQFT
  • $625
    $/SQFT

School Ratings & Info

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.Please contact listing agent directly for all showings and do not approach tenants. Confidentiality agreement required for Principals and Agents for income/expense/lease information.

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© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-12-01T13:24:44.88.

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111 King St , 111, 113, 115, St Augustine, FL 32084

  • Price: $3,390,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 17 min ago
  • MLS #: 1127847
0
Beds
0
Baths
0
½ Baths
0.5
Acres
5,424
SQFT
$625
$/SQFT
1962
Built
Neighborhood:
32-St Johns County-St Augustine Area-East Of US-1
County:
St. Johns
Area:
32-St Johns County-St Augustine Area-East Of US-1
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.Please contact listing agent directly for all showings and do not approach tenants. Confidentiality agreement required for Principals and Agents for income/expense/lease information.
Exterior Features

Building Stories 1 Story Exterior Wall Concrete Lot Description Curb & GutterRegular LotSidewalks Lot Location DowntownUrban/City Navigable To Ocean YN No Parking Facilities 11 - 25 SpacesAsphalt BlacktopGravelOther Parking Road Frontage 3 Lane RoadCity Street Road Surface Asphalt Road Roof Built-Up Structure ConcreteSlab Waterfront YN No

Interior Features

Ceiling Height 10' - 12' Ceilings8' - 10' Ceilings HVAC Central Total Bldg Sq Ft 10272.00

Property Features

Buildings 3 Buildings Commercial Type Retail Condition Good Current Zoning Cl-1 Development Status Recorded Plat Documents On File Photos On FileSurvey On File Existing Rental Inc 167788.00 Expenses Include Accounting/LegalInsuranceLicenses & PermitsRepairs & MaintTaxes-Real Estate Landlord Expenses Exterior MaintenanceInsuranceRoof MaintenanceTaxes Net Operating Income 130054.00 Occupancy Tenant Occupied Occupancy Rate 100.00 Possible Financing CashConventional Present Use Zoned CommercialRetail Square Foot Source Tax Roll Tenant Expenses Utilities Total Oper Expenses 37734.00 Type Potential Use BusinessCommercialRetail Units 1 - 4 Units Use Of Adjacent Area CommercialRetail Utilities Sewer - PublicWater - Public

Listing courtesy of First Coast Sothebys International Realty.


© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-12-01T13:24:44.88.

Digital Millennium Copyright Act
 
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