150 Southpark BlvdSt. Augustine, FL 32086

Property Details for 150 Southpark Blvd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

12,888 SF

Zone code

CG

Property type

Healthcare properties

Property subtype

Medical offices

APN

135121 0218

APU

1351210218

Description

This exceptional 12,888 square foot office building presents a compelling investment opportunity in St. Augustine, Florida. Located at 150 Southpark, St. Augustine, FL 32086, this property boasts a prime location, conveniently situated near the local hospital. Currently enjoying 100% occupancy, this asset provides a stable and consistent income stream for investors. The building's spacious layout and strategic positioning make it highly attractive to businesses seeking a prominent and easily accessible office space. The property's consistent full occupancy demonstrates its strong market appeal and potential for continued success. Its location south of SR-312 on US-1, accessed via a right turn onto Southpark and a second right turn into the property, ensures excellent visibility and accessibility. This represents a rare chance to acquire a high-performing commercial property in a thriving market, offering a secure and profitable investment. The asking price for this fully occupied office building is $2,199,000. This is a turnkey investment opportunity with immediate cash flow potential. Don't miss this chance to secure a valuable asset in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,306,972

  6.5%

  $2,129,513

  7%

  $1,977,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $876,513

  Geo Method

  $876,513

• Alternative Use

  Use

  Valuation

  Residential

  $2,640,596

  Hospitality

  $2,418,772

  Educational

  $2,012,390

  Medical

  $2,081,599

  Retail

  $3,130,384

Location Insight

City

Saint Augustine

County

St. Johns

State

Florida

Latitude

29.8626

Longitude

-81.3252

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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