Corner Retail Condo with High
Retail-condo-1915 S A1a St Augustine, FL 32080
Retail-condo-1915 S A1a, St Augustine, FL, 32080
$1,375,000
For Sale
$1,375,000
Retail condo with open floor plan and frontage at a lighted corner intersection with 37,000 AADT.
Property Size4,000 SF
Price / SF$343.75
Days on Market229
Property Features for Retail-condo-1915 S A1a
General Information
- Standard status
- Active
- Size
- 4,000 SF
Listing agency
Coldwell Banker Commercial Premier Properties
(904) 537-6443
Listed by
Eric Maimo · License #3254822
(904) 537-6443
Source
Exprealty
Added: Dec 4, 2025 Updated: Jul 21 at 7:02AM Checked: Jul 21 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Premier Properties
Investment Insights
Based on property information with market context.
This retail condo offers an open floor plan and approximately 4,000 square feet of flexible interior space. It is currently being used as an overflow banquet space for an adjacent Italian restaurant, with the layout supporting adaptation for a variety of commercial uses.
The property is positioned at a highly visible, lighted corner intersection on SR 312 and A1A Business. The remarks indicate an annual average daily traffic count of 37,000, supporting strong exposure to both vehicle and foot traffic.
The entire building is also available for sale, providing an additional option for buyers seeking an all-in ownership structure.
The property is positioned at a highly visible, lighted corner intersection on SR 312 and A1A Business. The remarks indicate an annual average daily traffic count of 37,000, supporting strong exposure to both vehicle and foot traffic.
The entire building is also available for sale, providing an additional option for buyers seeking an all-in ownership structure.
Key Highlights
- Approximately 4,000 sq ft commercial condo with frontage on a lighted corner at SR 312 and A1A Business
- Annual average daily traffic (AADT) of 37,000 on this high‑visibility intersection
- Currently used as an overflow banquet space for the adjacent Italian restaurant
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $24.00 |
| − Vacancy | −$21.3k | −$5.33 |
| EGI | $74.7k | $18.67 |
| − OpEx | −$18.7k | −$4.67 |
| NOI | $56.0k | $14.00 |
4,000 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$800.2K
$700.2K – $933.6K
NOI $56,016 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$645.8K
$565.1K – $753.5K
NOI $45,209 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.07M
$933.6K – $1.24M
NOI $74,688 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail condo with open floor plan and frontage at a lighted corner intersection with 37,000 AADT.
Where is this retail space located?
The property is located at Retail-condo-1915 S A1a St Augustine, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Approximately 4,000 sq ft commercial condo with frontage on a lighted corner at SR 312 and A1A Business; Annual average daily traffic (AADT) of 37,000 on this high‑visibility intersection; Currently used as an overflow banquet space for the adjacent Italian restaurant
