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Two-Story Office Building
For Lease
$8,398/Mo

5 PALM, St Augustine, FL 32084

Commercial Lease, St. Augustine, FL

Space Size2,964 SF
Lot Size0.20 Acres
Days on Market141

Property Features for 5 PALM

General Information

Property type Commercial Lease
Property subtype Office
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking features Parking Lot, Assigned
Lot features Historic Area
Directions From FL-16 E, head toward 4 Mile Rd. Turn right onto 4 Mile Rd and continue through all of the roundabouts to the end, until you hit King St. Turn left onto King St and continue straight until you make it downtown. From King St, turn right on Cordova St, and shortly after, you'll turn right on Palm Row. 5 Palm Row will be on the left, and the parking lot will be on the right.
Subdivision 322-Downtown St Augustine
Standard status Active
APN 1993900000
Size 2,964 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 13777

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

private on-site parking lot

Building Details

Year built 1910
Floors in Building 2
Flooring type Wood
Building materials Wood Siding
Roof type Metal
Listing Agency: ALSOP PROPERTIES INC
Listed By: BEAU PINEDA · License #SL3602616
Added: Apr 21 Changed: Sep 2 Last Checked: Sep 8 at 12:06PM
MLS# 2141193

Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,964-square-foot office building provides two levels with an existing arrangement of 11 units, supporting a range of professional and administrative layouts. The 1910 structure includes wood siding, wood flooring, central heating, central air, a metal roof, and two bathrooms. Public water and public sewer serve the property, while the 0.2-acre site includes a private parking lot with assigned spaces.

The property is in downtown St. Augustine, near the restaurants, retail, and attractions associated with the city’s historic core. Its setting combines access to downtown activity with a quieter environment and on-site parking for tenants and visitors. The existing configuration can accommodate offices, meeting areas, or collaborative work areas, subject to lease discussions and any applicable tenant improvements.

Key Highlights

  • 2,964‑square‑foot office building on a 0.2‑acre site
  • Two‑story layout with 11 existing units
  • Private on‑site parking lot with assigned spaces

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Garden Center Restaurant Gym & Fitness Center Bed & Breakfast Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,931
Businesses Nearby

Demographics for 32084, FL

34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Professionally configured space offers private assigned parking and access to downtown St. Augustine amenities.
Where is this office building located?
The property is located at 5 PALM St Augustine, FL.
What is the lease rate?
The lease rate is $8,398/Mo.
What are key features of this property?
This property features: 2,964‑square‑foot office building on a 0.2‑acre site; Two‑story layout with 11 existing units; Private on‑site parking lot with assigned spaces
More about this property
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