SQUARE FEET26,485
MLS#GC543551
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONCARVERS
Property Description
Lighthouse Plaza is a fully leased, 16-unit retail center totaling 26,485 SF on 1.46 acres along Anastasia Boulevard (SR A1A), St. Augustine's main corridor between historic downtown and the beaches, a few hundred feet from the St. Augustine Lighthouse and the Alligator Farm. The center is 100% leased (16 of 16 suites) to established local operators on predominantly NNN leases with 3% annual increases. Offered at $6,350,000, a 7.0% cap rate on pro forma NOI of $444,530 (approximately $240/SF), with an average base rent of $16.78/SF. Recent improvements include roof, facade, storefront and electrical work. The sale includes an additional lot on Palmetto Avenue at the rear of the center, currently used for overflow parking.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 1.29 Acres
Stories: 1.0
Taxes: $60,334
Year Built: 1952
Feature Descriptions
Days on Site: 43
Directions: One of St. Augustine's most traveled commercial corridors connecting downtown to the beaches.
Flood Zone Code: AE
Foundation: Other
Home Warranty Y/N: No
Lot Dimensions: 1.29
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Retail
Sale Includes: Building(s) and Land
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants
Special Sale Provisions: None
Water: Public
Water Access Y/N: No
Zoning: CL2
Listed By / Shown By
Listed By
Agency Name: COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES
Agency Contact: 904-827-1717
Shown By
Agent Name: Ken McBride
Agent Phone: (813) 431-0709
Agency Title: Key Realty
844 Anastasia Boulevard | MLS# GC543551
This commercial property located at 844 Anastasia Boulevard, Saint Augustine, FL 32080 is currently listed for sale with an asking price of $6,350,000. Search Saint Augustine real estate on www.kenmcbriderealtor.com today.