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    197/201/203 W King St.

    St Augustine, FL 32084
    • $1,175,000
    • STATUS: Active
    • ON SITE: 146 days
    • MLS #: 195790
    UPDATED: 137 min ago
    $1,175,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    05N
    Type:
    Commercial
    Built:
    1935
    County:
    Area:
    05N

    School Ratings & Info

    Description

    Looking for that special Investment Opportunity with great upside potential in a high demand area with limited barriers to entry? Look no further and come on board. Rare W. King Street opportunity to invest in this nostalgic 3 unit retail building at the entrance to the St. Augustine's rapidly evolving West Augustine district. An area desirable for eclectic retail shops, brewery's, coffee shops and restaurants. Rental opportunities seldom come available but those that do are seeing staggering rental rates. This building has rental rates well below "market rate" and with it's month-to-month leases, can enjoy the upside potential very quickly in moderate rate increases to existing tenants or substantial increase to new tenants. To add to the excitement of this opportunity, plans have just been released for an exciting redevelopment of the property directly across the street that will forever change this corridor. Conceptual plans include an 1,100 space parking garage, 33,700 sqft of commercial development, possible grocery store and a new 160 unit housing development. All within a 10 minute walk to historic downtown St. Augustine. Don't look back on this opportunity and say "I could of / would of / should of". This investment opportunity won't last long and if you are looking for that special location for your owner / occupied business, you need to act now as the ability to purchase a building of this size anywhere in St. Augustine, is extremely rare. Be a part of the excitement. All Aboard!!! Individual 1,426 sqft spaces also available for lease at $2,000 per month Gross.

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    © 2020 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 2020-10-26T23:30:34.667.
    www.thomasgrouprealty.com/homes/106464396
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    197/201/203 W King St. St Augustine, FL 32084

    • Price: $1,175,000
    • Status: Active
    • Updated: 137 min ago
    • MLS #: 195790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1935
    Built
    Neighborhood:
    05N
    County:
    Saint Johns
    Area:
    05N
    Property Description
    Looking for that special Investment Opportunity with great upside potential in a high demand area with limited barriers to entry? Look no further and come on board. Rare W. King Street opportunity to invest in this nostalgic 3 unit retail building at the entrance to the St. Augustine's rapidly evolving West Augustine district. An area desirable for eclectic retail shops, brewery's, coffee shops and restaurants. Rental opportunities seldom come available but those that do are seeing staggering rental rates. This building has rental rates well below "market rate" and with it's month-to-month leases, can enjoy the upside potential very quickly in moderate rate increases to existing tenants or substantial increase to new tenants. To add to the excitement of this opportunity, plans have just been released for an exciting redevelopment of the property directly across the street that will forever change this corridor. Conceptual plans include an 1,100 space parking garage, 33,700 sqft of commercial development, possible grocery store and a new 160 unit housing development. All within a 10 minute walk to historic downtown St. Augustine. Don't look back on this opportunity and say "I could of / would of / should of". This investment opportunity won't last long and if you are looking for that special location for your owner / occupied business, you need to act now as the ability to purchase a building of this size anywhere in St. Augustine, is extremely rare. Be a part of the excitement. All Aboard!!! Individual 1,426 sqft spaces also available for lease at $2,000 per month Gross.
    Exterior Features

    Lot Size 7405

    Interior Features

    Office Sq Ft 793 Retail Sq Ft 4745

    Property Features

    Bank Corporate Owned YN No Business Description Investment Opportunity Business Name N/A Cdd YN No Present Zoning Cm-2 Short Sale YN No Tax Year 2018 Taxes 8071.9 Type Of Property Retail

    Listing courtesy of Coldwell Banker Commercial Premier Properties.


    © 2020 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 2020-10-26T23:30:34.667.
     
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