240 San Marco AveSt. Augustine, FL 32084

Property Details for 240 San Marco Ave

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

3,256 SF

Property type

Office properties

Property subtype

Office buildings

APN

155670 0000

APU

1556700000

Description

This exceptional Class A commercial property, located at 240 San Marco Ave in St. Augustine, Florida, offers 3,256 square feet of completely vacant space, ideal for a single tenant. Situated on a 0.29-acre lot in St. Johns County, this building is perfectly positioned in the heart of Uptown St. Augustine, offering convenient access to both Historic Downtown St. Augustine and US-1 N. The property's zoning, Commercial Medium-2, allows for a wide variety of retail and office uses. The building is suitable for traditional office or medical office tenants. Its prime location and ample space make it an attractive opportunity for businesses seeking a high-visibility presence in a thriving area. The property's convenient location provides easy access for employees and clients alike. This is a rare opportunity to secure a fully vacant, Class A building in a highly desirable location. The building's size and zoning flexibility offer significant potential for a variety of businesses. The 32084 zip code ensures a strong local market presence. This property presents a unique chance to establish a successful business in a vibrant and historic setting. The 0.29-acre lot provides ample space for potential future expansion or outdoor amenities. The building's Class A designation reflects its high-quality construction and modern features.

• CAP approach

  CAP return

  Valuation

  6%

  $582,749

  6.5%

  $537,923

  7%

  $499,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,441

  Geo Method

  $221,441

• Alternative Use

  Use

  Valuation

  Residential

  $667,024

  Hospitality

  $610,990

  Educational

  $508,337

  Medical

  $525,819

  Retail

  $790,746

Location Insight

City

Saint Augustine

County

St. Johns

State

Florida

Latitude

29.9159

Longitude

-81.3226

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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