67 Dixie HwySt. Augustine, FL 32084

Property Details for 67 Dixie Hwy

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

2,560 SF

Property type

Retail properties

Property subtype

Retail space

APN

127300 0050

APU

1273000050

Description

This exceptional St. Augustine commercial property at 67 S Dixie Hwy presents a unique investment opportunity. The 2,420 square foot building, constructed in 1986, sits on two 0.13-acre parcels and is zoned CL-2, allowing for diverse uses including office, medical, or retail. The well-maintained single-story building features multiple office suites, workrooms, storage areas, two kitchen/break rooms, and three bathrooms. Several suites include sinks and plumbing, ideal for businesses requiring specialized facilities. Six dedicated parking spaces are available on the property, with an additional fully fenced 0.13-acre vacant lot offering potential for expansion or extra parking. Currently, a month-to-month tenant occupies half the space, providing immediate income potential. The seller is offering owner financing with negotiable terms: 20% down, 8% interest, and a balloon payment due within 1-3 years. This adaptable property offers significant return potential for investors and business owners seeking a prime location in St. Augustine, Florida (zip code 32084). The property's versatility, combined with the owner financing option, makes this a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $673,585

  6.5%

  $621,771

  7%

  $577,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $438,746

  Geo Method

  $438,746

• Alternative Use

  Use

  Valuation

  Residential

  $524,487

  Hospitality

  $480,427

  Educational

  $399,710

  Medical

  $413,456

  Retail

  $621,771

Location Insight

City

Saint Augustine

County

St. Johns

State

Florida

Latitude

29.8829

Longitude

-81.3268

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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