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    4508 Us-1 St. Augustine, FL 32095

    Sponsored
    For Sale
    $1,700,000

    Prime US-1 location, high growth area.

    Property size:
    3,277 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,277 square foot retail property, situated on a 4.6-acre lot at 4508 US-1 in St. Augustine, Florida, presents a unique investment opportunity. Built in 1984 and renovated in 2010, this single-story, Class B building boasts 100% occupancy and is currently configured as a restaurant with a drive-thru. The property is zoned CG, permitting a wide range of retail uses including restaurants, liquor stores, banks, and drive-thrus. Its strategic location on the northbound side of US-1, a major commuter route, ensures high visibility and accessibility to a substantial daytime population, including employees of nearby Northrop Grumman and the St. Johns County Government Complex. The area is experiencing significant growth, with numerous new residential developments adding to the strong local trade area. This property benefits from proximity to a thriving downtown core and a large affluent demographic. The asking price is $1,700,000, representing a price per square foot of $518.77 and a 6.00% cap rate. Separate liquor licenses for Duval and St. Johns Counties are available for purchase. Seller financing may be considered for qualified owner-operators. This is a rare opportunity to acquire a prime retail property in a rapidly expanding market. The property's strong location and versatile zoning make it an ideal investment for owner-users or sale-leaseback scenarios.

    Property Features for 4508 Us-1

    General Information

    Property type
    Restaurants
    Square Feet
    3,277 SF
    Class
    B
    Lot Size
    2,003,760 SF

    Building Details

    Year Built/Renovated
    1984/2010
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Prime US‑1 N location, 35,000 cars daily.
    • Northbound US‑1 location captures morning commuter traffic to Jacksonville.
    • Seller financing considered for qualified owner‑operators.
    • Strong local trade area with a captive daytime population; Northrop Grumman, St. Johns County's largest employer, is within 500 feet.
    • CG zoning allows most retail uses, including drive‑thrus.
    • Separate Duval and St. Johns County liquor licenses available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.336703786466
    Latitude
    29.943260647683

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    FAQs

    What type of property is this?
    Restaurant - Prime US-1 location, high growth area.
    Where is this restaurant located?
    The property is located at 4508 Us-1 St. Augustine, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime US-1 N location, 35,000 cars daily.; Northbound US-1 location captures morning commuter traffic to Jacksonville.; Seller financing considered for qualified owner-operators.
    Request Owner's contact information
    4508 Us-1 St. Augustine, FL 32095
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    St. Augustine, FL 32095
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4508 Us-1 St. Augustine, FL 32095
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