For Sale
$1,250,000

5961 A1ASt. Augustine, FL 32080

Fully Leased Quadplex, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment property, located at 5961 S A1A in the desirable Crescent Beach area of St. Augustine, Florida, offers a compelling blend of commercial and residential income streams. The property consists of a two-story, 4,320 square foot building constructed in 2007 on a 0.43-acre lot (APN: 1828720130 and 1828820070). The ground floor features two fully leased, 1,080 square foot office spaces, each equipped with ADA-compliant bathrooms and easily connected internally. These offices currently generate a strong 7% cap rate. Upstairs, two fully furnished, 3-bedroom, 2-bathroom residential units, each spanning 1,080 square feet, provide additional income. These units boast full kitchens with appliances and offer tranquil neighborhood views, a short walk from the beach. The property includes ample on-site parking with designated handicapped spaces and benefits from excellent visibility from A1A. The property is zoned CN (Neighborhood Commercial) and is situated in flood zone AE. This fully leased, mixed-use quadplex presents a rare opportunity for investors seeking a high-yield, turnkey investment in a prime coastal location. The property's strong cash flow, desirable location, and diverse income streams make it an attractive addition to any portfolio. The building is classified as Class B.

Highlights

  • Fully leased investment property.
  • 7% Cap Rate.
  • Quadplex with mixed-use office and residential components.
  • Two 1,080 square foot office spaces, each with ADA-compliant bathrooms.
  • Two three-bedroom, two-bathroom residential units with long-term leases.
  • Ample on-site parking.

Property Details for 5961 A1A

Property type
Land, Apartment buildings
Square Feet
4,320 SF
Class
B
Year Built
2007
Buildings
1
Stories
2
Lot Size (sq. ft)
18,731 SF

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.7848413
Longitude
-81.2592197
5961 A1A, St. Augustine, Florida

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5961 A1A
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