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    701 Market St St. Augustine, FL 32095

    For Sale
    $210,000

    St. Augustine Office Condo - Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 515 sq ft office condo, unit 105B at 701 Market St, St. Augustine, FL 32095, is situated in the thriving Palencia community. Located within a vibrant planned unit development boasting over 2,600 homes, this property offers high foot traffic and proximity to significant retail and office space (over 300,000 sq ft and 600,000 sq ft respectively). The unit benefits from a desirable location, offering easy access to Jacksonville and St. Johns County. Palencia's amenities, including an 18-hole golf course, tennis center, and extensive parkland, attract a large and active community. The unit features a dual access point, providing both a main lobby entrance and a private exterior entrance. This presents an exceptional opportunity for owner-users or investors seeking a strong return in a high-demand area. The asking price is $210,000. This "bite-sized" investment is perfect for those looking to capitalize on the vibrant Palencia community.

    Property Features for 701 Market St

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • $210,000 asking price for a 515± sq ft office condo.
    • Located in the Palencia planned unit development in St. Augustine, FL, offering high visibility and access to a large residential population.
    • Adjacent to 300,000 sq ft of retail and 600,000 sq ft of office space.
    • Palencia offers amenities including an 18‑hole golf course, tennis center, and extensive parkland.
    • Unit features dual access points: a main lobby entrance and a private exterior entrance.
    Property Profile Location Intelligence

    Current Use by Public Records

    triedata Software Company Nevin Engineering Services, ... Engineering Consultant Palencia Business Center Mailbox Rental Service Barbara J McDougall, ... Psychologist Purely Digital Marketing Website Designer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.387383971445
    Latitude
    30.025208054148

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    FAQs

    What type of property is this?
    Office Property / Space - St. Augustine Office Condo - Prime Location
    Where is this office property / space located?
    The property is located at 701 Market St St. Augustine, FL.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: $210,000 asking price for a 515± sq ft office condo.; Located in the Palencia planned unit development in St. Augustine, FL, offering high visibility and access to a large residential population.; Adjacent to 300,000 sq ft of retail and 600,000 sq ft of office space.
    Request Owner's contact information
    701 Market St 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
    701 Market St St. Augustine, FL 32095
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