26 Sanchez AveSt. Augustine, FL 32084

Property Details for 26 Sanchez Ave

Year built

1925

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,537 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

189950 0000

APU

1899500000

Description

This charming 1925 St. Augustine office building, located at 26 Sanchez Avenue, presents a unique investment opportunity. Priced at $659,000, the property boasts a 5,662.8 square foot lot and offers approximately 8 parking spaces. Currently configured as a medical spa, the building features three to four dedicated office or workspaces, adaptable to a variety of uses thanks to its CM-2 zoning. Recent renovations (2020) included the addition of a 220v breaker, an ADA-compliant ramp and bathroom, attic A/C unit replacement, and cosmetic and structural updates. The building retains its historic charm with original pine floors and a plantation-style patio shaded by mature oak trees. Its highly visible location on US1, with 17,000 cars passing daily, ensures excellent exposure. This property offers a blend of historic aesthetics and modern functionality, making it an ideal investment in the vibrant heart of St. Augustine, Florida (zip code 32084).

• CAP approach

  CAP return

  Valuation

  6%

  $404,391

  6.5%

  $373,284

  7%

  $346,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,419

  Geo Method

  $263,419

• Alternative Use

  Use

  Valuation

  Residential

  $314,879

  Hospitality

  $288,427

  Educational

  $239,968

  Medical

  $248,221

  Retail

  $373,284

Location Insight

City

Saint Augustine

County

St. Johns

State

Florida

Latitude

29.9063

Longitude

-81.3209

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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