4508 Us-1 St. Augustine, FL 32095
- Retail properties
- 3,277 SF
- 46.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4508 Us-1
- Year built
- 1984
- Lot size
- 46.00 lot acres
- Property size
- 3,277 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 3,277 square foot retail property, situated on a 4.6-acre lot at 4508 US-1 in St. Augustine, Florida, presents a unique investment opportunity. Built in 1984 and renovated in 2010, this single-story, Class B building boasts 100% occupancy and is currently configured as a restaurant with a drive-thru. The property is zoned CG, permitting a wide range of retail uses including restaurants, liquor stores, banks, and drive-thrus. Its strategic location on the northbound side of US-1, a major commuter route, ensures high visibility and accessibility to a substantial daytime population, including employees of nearby Northrop Grumman and the St. Johns County Government Complex. The area is experiencing significant growth, with numerous new residential developments adding to the strong local trade area. This property benefits from proximity to a thriving downtown core and a large affluent demographic. The asking price is $1,700,000, representing a price per square foot of $518.77 and a 6.00% cap rate. Separate liquor licenses for Duval and St. Johns Counties are available for purchase. Seller financing may be considered for qualified owner-operators. This is a rare opportunity to acquire a prime retail property in a rapidly expanding market. The property's strong location and versatile zoning make it an ideal investment for owner-users or sale-leaseback scenarios.
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
- St. Johns
- State
- Florida
- Longitude
- -81.3367
- Latitude
- 29.9433
