1103 Ponce De Leon BlvdSt. Augustine, FL 32084

Property Details for 1103 Ponce De Leon Blvd

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

1,080 SF

Zone code

CM1

Property type

Retail properties

Property subtype

Other individual retail properties

APN

192270 0000

APU

1922700000

Description

This exceptional commercial property, located at 1103 N Ponce De Leon Boulevard in St. Augustine, Florida, presents a compelling investment opportunity. The property boasts a highly visible location along a major commercial thoroughfare (US 1), offering 224 feet of frontage and approximately 0.28 acres of land. Built in 1988, this single-story building comprises 1,080 square feet of gross building area, suitable for a variety of uses including office, retail, or restaurant space. The CM-2 zoning allows for flexibility in future development. The property includes on-site parking and is currently occupied by a tenant on a month-to-month lease. With an average daily traffic count of 38,000 vehicles in 2021, and surrounded by established businesses such as Zaxby's, McDonald's, and Pizza Hut, this location offers excellent visibility and accessibility. The asking price is $1,000,000. The lot size is 12,196.8 square feet. Showings are by appointment only. Please refrain from contacting the current tenant or employees.

• CAP approach

  CAP return

  Valuation

  6%

  $284,156

  6.5%

  $262,297

  7%

  $243,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $185,096

  Geo Method

  $185,096

• Alternative Use

  Use

  Valuation

  Residential

  $221,258

  Hospitality

  $202,671

  Educational

  $168,620

  Medical

  $174,419

  Retail

  $262,297

Location Insight

City

Saint Augustine

County

St. Johns

State

Florida

Latitude

29.9023

Longitude

-81.3206

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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