26 Sanchez Ave St. Augustine, FL 32084

This exceptional 998-square-foot commercial building in St. Augustine, Florida, is offered at $599,000 ($600.20/sq ft). Located at 26 Sanchez Ave, 32084, this owner-user investment opportunity boasts a 3.84% cap rate and a net operating income (NOI) of $23,000. Currently configured as a medical spa with three to four potential office spaces, the property features original pine floors, a plantation-style patio, and ample shade from mature oak trees. Professionally renovated in 2020, upgrades include a new 220v breaker, an ADA-compliant ramp and bathroom, attic A/C unit replacement, and cosmetic and structural improvements. The building benefits from approximately eight parking spaces and high visibility from US1, with 17,000 cars passing daily. Situated in a CM-2 zoned area, allowing for diverse uses, this property offers a unique blend of historic charm and modern functionality. Available for occupancy September 1, 2024. This property is ideal for a medical practice, office space, or a variety of other businesses.