For Sale
$599,000

26 Sanchez AveSt. Augustine, FL 32084

Prime Medical/Office Space, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $599,000 asking price for this 998 SF office building.
  • Located at 26 Sanchez Ave, St. Augustine, FL 32084, in a CM-2 zoned area.
  • Features 3-4 private offices, ample parking (approx. 8 spaces), and high visibility from US1.
  • Professionally renovated in 2020, including ADA-compliant upgrades.
  • Currently operating as a medical spa, suitable for owner-user or investor; 3.84% cap rate, $23,000 NOI, and occupancy date of September 1, 2024.

Property Details for 26 Sanchez Ave

Property type
Office properties, Medical offices
Square Feet
998 SF

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.906193
Longitude
-81.3208851
26 Sanchez Ave, St. Augustine, Florida

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26 Sanchez Ave
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