405 Del Monte Dr St. Augustine, FL 32084
- Land
- 1.20 lot acres
Current Use by Public Records
- Land
Property Details for 405 Del Monte Dr
- Lot size
- 1.20 lot acres
- Property type
- Land
Description
This exceptional 1.2-acre commercial land parcel presents a compelling investment opportunity in the thriving city of St. Augustine, Florida. Located at 405 Del Monte Dr, 32084, this property boasts a highly desirable location directly across from St. Augustine High School and First Coast Technical College. The strategic positioning ensures consistent demand and a stable tenant base. Currently improved with a nine-unit mobile home park, all units are fully occupied, offering immediate cash flow. Three units benefit from long-term tenants (tenure exceeding ten years), providing reliable income streams. The existing rental rates are below market value, presenting a significant opportunity to increase revenue through rental adjustments. Each mobile home unit features its own electric meter, while the entire park shares a convenient city water supply and septic system. This property's full occupancy and prime location make it an attractive investment for those seeking a strong return on investment in a rapidly growing area of St. Augustine. The absence of a building on the land allows for flexibility in future development plans, catering to a wide range of commercial ventures. This is a rare opportunity to acquire a well-situated commercial property in a highly sought-after location. The asking price for this exceptional property is $650,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Augustine
- County
- 12109
- State
- Florida
- Longitude
- -81.3417
- Latitude
- 29.9226
