For Sale
$650,000

405 Del Monte DrSt. Augustine, FL 32084

1.2-acre commercial lot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.2-acre commercial land parcel presents a compelling investment opportunity in the thriving city of St. Augustine, Florida. Located at 405 Del Monte Dr, 32084, this property boasts a highly desirable location directly across from St. Augustine High School and First Coast Technical College. The strategic positioning ensures consistent demand and a stable tenant base. Currently improved with a nine-unit mobile home park, all units are fully occupied, offering immediate cash flow. Three units benefit from long-term tenants (tenure exceeding ten years), providing reliable income streams. The existing rental rates are below market value, presenting a significant opportunity to increase revenue through rental adjustments. Each mobile home unit features its own electric meter, while the entire park shares a convenient city water supply and septic system. This property's full occupancy and prime location make it an attractive investment for those seeking a strong return on investment in a rapidly growing area of St. Augustine. The absence of a building on the land allows for flexibility in future development plans, catering to a wide range of commercial ventures. This is a rare opportunity to acquire a well-situated commercial property in a highly sought-after location. The asking price for this exceptional property is $650,000.

Highlights

  • $650,000 asking price.
  • 1.2-acre commercial land parcel.
  • Located in St. Augustine, FL, at 405 Del Monte Dr, 32084.
  • Prime location across from St. Augustine High School and First Coast Technical College.
  • Currently operates as a fully occupied 9-unit mobile home park.

Property Details for 405 Del Monte Dr

Property type
Land
Lot Size (sq. ft)
52,272 SF

Location Insight

City
St. Augustine
County
12109
State
Florida
Latitude
29.9226106
Longitude
-81.3417218
405 Del Monte Dr, St. Augustine, Florida

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405 Del Monte Dr
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