125 King St Saint Augustine, FL 32084-4469

Property Details for 125 King St

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.52 lot acres

Property size

4,338 SF

Property type

Retail space

APN

202280 0000

APU

2022800000

Description

This exceptional mixed-use property at 125 King Street in St. Augustine, Florida, presents a compelling investment opportunity. The 4,338 square foot building, constructed in 1967, sits on a prominent 0.52-acre corner lot in the vibrant historic district, boasting high pedestrian and tourist traffic. Currently operating at 100% occupancy with four tenants, the property offers a stable income stream and significant upside potential. The CL-2 zoning allows for a wide range of commercial uses, making it ideal for redevelopment or continued multi-tenant operation. The building features 25 parking spaces, a significant advantage in this high-traffic area. With a price of $3,975,000 ($916.32 per square foot and $993,750 per unit), this property represents a strong value-add investment with potential for substantial returns. Its prime location on a signalized corner ensures maximum visibility and accessibility, attracting both local residents and tourists. The flexible layout allows for adaptation to various tenant needs. This is a rare opportunity to acquire a well-positioned, multi-tenant property in one of Florida's most desirable historic districts. The property's strong fundamentals and redevelopment potential make it an attractive investment for discerning buyers.