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1070,1090,1100 State Road 206, St Augustine, Fl 32084

St Augustine, FL 32086
  • $1,100,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • MLS #: 218619
Under Contract
UPDATED: 78 min ago
$1,100,000
  • 0
    BEDS
  • 2.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
09
Type:
Commercial
Built:
2013
County:
Area:
09

School Ratings & Info

Description

Matanzas Boat and RV Storage is a 2.3 acre property with 500 feet of road frontage located on State Road 206, a high traffic area between US 1 and A1A. The outdoor storage business was expanded in 2019 to 114 rental units, with virtually no vacancy and a waiting list of future customers. The completely fenced in property includes, site lighting, an electronically controlled gate, remotely controlled 15 camera security system, a well and a storage unit. Customers have access to power and water for each rental site, 50 amp power is available for several units. In addition, customers have access to an air compressor and power wash station. The property has a Special Use Permit and a Zoning Variance which is transferable and will run with the property. Current rental pricing is very conservative. The new owner has the ability to substantially increase pricing to compete with other local facilities and with little effort and no further investment, can substantially increase Matanzas Boat and RV Storage is a 2.3 acre property with 500 feet of road frontage located on State Road 206, a high traffic area between US 1 and State Road A1A. The outdoor storage business was expanded in 2019 to 114 rental units, with virtually no vacancy and a waiting list of future customers. The completely fenced in property includes, site lighting, an electronically controlled gate, remotely controlled 15 camera security system, a well and a storage unit. Customers have access to power and water for each rental site, 50 amp power is available for several units. In addition, customers have access to an air compressor and power wash station. The property has a Special Use Permit and a Zoning Variance which is transferable and will run with the property. The existing website transfers to the new owner. Current rental pricing is very conservative. The new owner has the ability to substantially increase pricing to compete with other local facilities and with little effort and no further investment, can substantially increase income. Based on projected gross income (in keeping with rates charged by competitors in the vicinity) the potential Cap Rate could rise to 13. The location of the property is favorable to boaters because of the proximity to launching ramps on the Intracoastal Waterway. Many developed areas nearby do not allow parking of Recreational Vehicles in the neighborhoods. This facility is convenient to those customers.

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© 2021 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Better Homes & Gardens Real Estate Thomas Group. Data last updated 2021-12-05T18:30:33.103.
www.thomasgrouprealty.com/homes/122936613
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1070,1090,1100 State Road 206, St Augustine, Fl 32084 St Augustine, FL 32086

  • Price: $1,100,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • Updated: 78 min ago
  • MLS #: 218619
0
Beds
0
Baths
0
½ Baths
2.3
Acres
2013
Built
Neighborhood:
09
County:
Saint Johns
Area:
09
Property Description
Matanzas Boat and RV Storage is a 2.3 acre property with 500 feet of road frontage located on State Road 206, a high traffic area between US 1 and A1A. The outdoor storage business was expanded in 2019 to 114 rental units, with virtually no vacancy and a waiting list of future customers. The completely fenced in property includes, site lighting, an electronically controlled gate, remotely controlled 15 camera security system, a well and a storage unit. Customers have access to power and water for each rental site, 50 amp power is available for several units. In addition, customers have access to an air compressor and power wash station. The property has a Special Use Permit and a Zoning Variance which is transferable and will run with the property. Current rental pricing is very conservative. The new owner has the ability to substantially increase pricing to compete with other local facilities and with little effort and no further investment, can substantially increase Matanzas Boat and RV Storage is a 2.3 acre property with 500 feet of road frontage located on State Road 206, a high traffic area between US 1 and State Road A1A. The outdoor storage business was expanded in 2019 to 114 rental units, with virtually no vacancy and a waiting list of future customers. The completely fenced in property includes, site lighting, an electronically controlled gate, remotely controlled 15 camera security system, a well and a storage unit. Customers have access to power and water for each rental site, 50 amp power is available for several units. In addition, customers have access to an air compressor and power wash station. The property has a Special Use Permit and a Zoning Variance which is transferable and will run with the property. The existing website transfers to the new owner. Current rental pricing is very conservative. The new owner has the ability to substantially increase pricing to compete with other local facilities and with little effort and no further investment, can substantially increase income. Based on projected gross income (in keeping with rates charged by competitors in the vicinity) the potential Cap Rate could rise to 13. The location of the property is favorable to boaters because of the proximity to launching ramps on the Intracoastal Waterway. Many developed areas nearby do not allow parking of Recreational Vehicles in the neighborhoods. This facility is convenient to those customers.
Exterior Features

Loading Dock YN No Lot Size 2.3 ACRES

Interior Features

Office Sq Ft 0

Property Features

Airport Nearby YN No Assumable Loan YN No Bank Corporate Owned YN No Business Description Outdoor Boat & Rv Storage Business Name Matanzas Boat & Rv Storage Cdd YN No Commercial Type Special PurposeOther-See Remarks Electric 220 V Gas YN No Present Zoning Cg Short Sale YN No Survey YN Yes Tax Year 2020 Type Of Property Special Purpose Water Well Years Established 8

Listing courtesy of Watson Realty Corp (A1a).


© 2021 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Better Homes & Gardens Real Estate Thomas Group. Data last updated 2021-12-05T18:30:33.103.
 
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