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    OFF-MARKET
    Office Spaces

    2528-2530 Us Highway 1, St. Augustine, FL 32086

    Built 1984
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a two-unit Class C office building situated on a 7,405.2 sq ft lot at 2528-2530 US Highway 1 in St. Augustine, Florida (zip code 32086). Offered at $749,900, this property boasts high visibility and traffic flow due to its prime location. The building, constructed in 1984, includes two separate office units. One unit is currently leased, providing immediate rental income. The second unit has recently undergone a complete renovation, featuring fresh paint and new flooring, making it immediately ready for occupancy. Unit 2528 comprises three office rooms, while unit 2530 offers five. Each unit includes a private bathroom, and a shared public restroom is also available. Significant recent improvements include a new roof (2015), new water lines (2016), a new hot water heater (2020), and new HVAC systems in 2022 and 2023. This property presents a unique opportunity for owner-occupancy, combining the benefits of operating your own business with the potential for substantial rental income from the second unit. The property's strong location, recent upgrades, and dual-use potential make it an attractive investment for both seasoned investors and first-time buyers.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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