5961 A1ASt. Augustine, FL 32080

Property Details for 5961 A1A

Year built

2007

Lot size

0.43 AC

Property size (Sq ft)

4,320 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

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.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Latitude

29.7848

Longitude

-81.2592

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