2640 Us-1 St. Augustine, FL 32086
This exceptional 1,542 sq ft retail property at 2640 US-1 in St. Augustine, FL (32086) presents a unique investment opportunity. Situated on a 1.33-acre lot (57,935 sq ft) with 200 feet of prime US-1 frontage, this location boasts an estimated 40,000 cars per day. The single-tenant building, constructed in 1959 and extensively renovated in 2024, features a new roof, plumbing, paint, and flooring. The property is zoned CI and has ample parking and storage. Previous uses include retail, car rentals, a car dealership, and a restaurant/bar, demonstrating its versatility. The seller will consider a long-term land lease of the northern section to a national tenant or a lease of the entire 1.33 acres, allowing for demolition of the existing building and build-to-suit development of multiple establishments. This prime location is ideal for various businesses, including fast food, oil change, coffee shops, tire shops, car rentals, car/RV dealerships, banks, and car washes. The property's APN is 2447700000. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.