For Sale
$1,700,000

4508 Us-1St. Augustine, FL 32095

Prime US-1 location, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3,277 square foot retail property, situated on a 4.6-acre lot at 4508 US-1 in St. Augustine, Florida, presents a unique investment opportunity. Built in 1984 and renovated in 2010, this single-story, Class B building boasts 100% occupancy and is currently configured as a restaurant with a drive-thru. The property is zoned CG, permitting a wide range of retail uses including restaurants, liquor stores, banks, and drive-thrus. Its strategic location on the northbound side of US-1, a major commuter route, ensures high visibility and accessibility to a substantial daytime population, including employees of nearby Northrop Grumman and the St. Johns County Government Complex. The area is experiencing significant growth, with numerous new residential developments adding to the strong local trade area. This property benefits from proximity to a thriving downtown core and a large affluent demographic. The asking price is $1,700,000, representing a price per square foot of $518.77 and a 6.00% cap rate. Separate liquor licenses for Duval and St. Johns Counties are available for purchase. Seller financing may be considered for qualified owner-operators. This is a rare opportunity to acquire a prime retail property in a rapidly expanding market. The property's strong location and versatile zoning make it an ideal investment for owner-users or sale-leaseback scenarios.

Highlights

  • Prime US-1 N location, 35,000 cars daily.
  • Northbound US-1 location captures morning commuter traffic to Jacksonville.
  • Seller financing considered for qualified owner-operators.
  • Strong local trade area with a captive daytime population; Northrop Grumman, St. Johns County's largest employer, is within 500 feet.
  • CG zoning allows most retail uses, including drive-thrus.
  • Separate Duval and St. Johns County liquor licenses available for purchase.

Property Details for 4508 Us-1

Property type
Retail properties, Restaurants
Square Feet
3,277 SF
Class
B
Year Built/Renovated
1984/2010
Buildings
1
Stories
1
Lot Size (sq. ft)
2,003,760 SF
Units
1

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.943260647683
Longitude
-81.336703786466
4508 Us-1, St. Augustine, Florida

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4508 Us-1
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