2898 Us-1 St. Augustine, FL 32086
Exceptional investment opportunity in St. Augustine, Florida! This 4.07-acre property boasts two buildings totaling 15,630 square feet, ideally suited for an auto shop, dealership, or other commercial uses. The main building features 11,938 square feet, including a 3,692-square-foot auto bay, offering ample space for repairs and maintenance. An additional 2,496-square-foot building provides versatile space for offices, storage, or showroom expansion. Ten garage bays, a showroom, waiting area, and covered canopy are included. The property's zoning (CI) allows for a variety of uses. Located on US Highway 1 South, this highly visible location benefits from a traffic count of 41,280 AADT, ensuring high visibility and accessibility. Convenient access to major roadways, including I-95 (less than 6 miles) and downtown St. Augustine (5 miles), enhances its appeal. The property is divisible into two 2-acre parcels, presenting further development potential. This turnkey operation offers significant upside for a savvy investor seeking a prime commercial location in a thriving market. The asking price is $4,900,000, with a price per square foot of $313.50.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.