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+18136180200
Dalton Wade, INC
844 Anastasia Boulevard, St Augustine, FL 32080
- $6,350,000
- 33,075
- SqFt
- List Price
- $6,350,000
- Status
- Active
- Days on Market
- 35
- Price Change
- ▼ $145,000 1792539841
- MLS#
- GC543551
- Property Style
- Retail
- Year Built
- 1952
- Living Area
- 33,075
- Lot Size
- 56,256
- Acres
- 1.29
- Total Acreage
- 1 to less than 2
- Legal Subdivision Name
- Carvers Sub
- MLS Area Major
- Saint Augustine
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.
Additional Information
- Taxes Annual
- $60334
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- CL2
- Air Conditioning
- Central Air
- Exterior Construction
- Other
- Foundation
- Other
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 157680-0000
- Legal Description
- 1-58 CARVERS SUB ANASTASIA LOTS 1 THRU 5 BLK 19 & CAPO'S ADDN ANASTASIA ALL BLK E LYING E OF SRA1A & VAC MATANZAS AVE LYING W TO SRA1A & PT VACATED CARVER ST LYING BETWEEN BLKS OR456/653 OR589/805 OR723/677 (NAME CHNG MERGER PER F47511) OR606 1/1265
Listing courtesy of COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES. 904-827-1717
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