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