389 Paseo Reyes DrSt. Augustine, FL 32095

Property Details for 389 Paseo Reyes Dr

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.82 AC

Property size (Sq ft)

14,104 SF

Property type

Retail properties

Property subtype

Strip malls

APN

072420 0494

APU

724200494

Description

This exceptional 2,450 square foot retail storefront is situated within a thriving 18,000 square foot commercial development at 389 Paseo Reyes Dr, St. Augustine, FL 32095. Located in the desirable Palencia/World Golf Village submarket of St. Johns County, this property boasts unparalleled visibility and accessibility, fronting US Highway 1. The building, constructed in 2018, features a single story across three buildings and sits on a generous 4.79-acre lot. The property is zoned PUD and offers a strong tenant mix including a Circle K, a 13,800 square foot retail center, and a 4,200 square foot dental center. Other established businesses in the center include Joint Bagel, Cinco De Mayo, Honey & Sage, B social Boutique, CT Nail Spa, and Edward Jones. This space is part of a multi-tenant building with a total of seven suites. The property offers convenient amenities such as four recently installed EV charging stations. This is an ideal opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. The minimum divisible space is 2,450 square feet, with a maximum contiguous space of 2,450 square feet also available. The cross street is Regalo Road.

• CAP approach

  CAP return

  Valuation

  6%

  $3,708,048

  6.5%

  $3,422,813

  7%

  $3,178,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,417,217

  Geo Method

  $2,417,217

• Alternative Use

  Use

  Valuation

  Residential

  $2,887,271

  Hospitality

  $2,644,725

  Educational

  $2,200,380

  Medical

  $2,276,054

  Retail

  $3,422,813

Location Insight

City

Saint Augustine

County

St. Johns

State

Florida

Latitude

30.0158

Longitude

-81.3941

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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