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$ 1,250,000
Est. payment | /mo
4 Baths
0.43 Acres Lot
$ 1,250,000
Est. payment | /mo
4 Baths
0.43 Acres Lot
Key Details
Property Type Commercial
Sub Type Multifamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 243286
Full Baths 4
HOA Y/N No
Year Built 2007
Annual Tax Amount $4,554
Tax Year 2021
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Multifamily
Property Description
This fully occupied mixed use quadplex is an 7% cap rate and is situated in the desirable Crescent Beach area of St. Augustine, spans two parcels (double deep) and offers a mix of office and residential use. On the first floor, there are two office spaces, each measuring 1,080 sq ft, featuring ADA-compliant bathrooms. These offices, in very good condition, can be internally connected and are fully leased, boasting an impressive 7% Cap Rate. The second floor houses two residential units, each with 3 bedrooms, 2 baths, and spanning 1,080 sq ft. These units come fully furnished, including full kitchens with appliances, and offer a serene neighborhood view, just a short walk to the beach. The property includes a concrete driveway and parking area with handicapped spots. It enjoys good visibility from A1A, is in flood zone AE, and encompasses a total area of 0.43 acres. Zoned Neighborhood commercial. Built in 2007, this property presents a valuable investment opportunity.
Location
State FL
County St. Johns
Area 07
Zoning CN
Direction S
Building
Story 2
Level or Stories 2
Listed by Coldwell Banker Premier Properties
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CC Underwood
Owner