For Sale
$3,975,000

125 King StSt. Augustine, FL 32084

Historic St. Augustine Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 125 King Street in St. Augustine, Florida, presents a compelling investment opportunity. The 4,338 square foot building, constructed in 1967, sits on a prominent 0.52-acre corner lot in the vibrant historic district, boasting high pedestrian and tourist traffic. Currently operating at 100% occupancy with four tenants, the property offers a stable income stream and significant upside potential. The CL-2 zoning allows for a wide range of commercial uses, making it ideal for redevelopment or continued multi-tenant operation. The building features 25 parking spaces, a significant advantage in this high-traffic area. With a price of $3,975,000 ($916.32 per square foot and $993,750 per unit), this property represents a strong value-add investment with potential for substantial returns. Its prime location on a signalized corner ensures maximum visibility and accessibility, attracting both local residents and tourists. The flexible layout allows for adaptation to various tenant needs. This is a rare opportunity to acquire a well-positioned, multi-tenant property in one of Florida's most desirable historic districts. The property's strong fundamentals and redevelopment potential make it an attractive investment for discerning buyers.

Highlights

  • High-traffic Historic District location in St. Augustine, FL.
  • CL-2 zoning allows diverse commercial uses.
  • Prominent corner lot ideal for redevelopment.
  • Excellent visibility from signalized intersection.

Property Details for 125 King St

Property type
Retail properties, Restaurants
Square Feet
4,338 SF
Class
C
Year Built
1967
Buildings
1
Stories
1
Lot Size (sq. ft)
22,651 SF
Units
4

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.8912106
Longitude
-81.318696
125 King St, St. Augustine, Florida

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125 King St
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