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Property profile

601 Ponce De Leon Blvd Saint Augustine, FL 32084

OFF-MARKET
Investment properties
Property ID
US18-1045699
4,460 SF 0.04 ac lot Built 2001
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property in historic St. Augustine, Florida, presents a unique investment opportunity. Located at 601 S Ponce De Leon Blvd, this two-story building boasts a versatile layout, encompassing both commercial and residential spaces. The ground floor, Unit A, offers a spacious storefront or creative office space, complete with a kitchenette, bathroom, private back deck, and a potential reception area. An attached workshop features double doors for convenient access, and a shared side yard provides additional outdoor space. Upstairs, Unit D is a charming two-bedroom, one-bathroom apartment featuring central air conditioning, custom maple cabinetry, and maple and tile flooring. Both front and rear balconies offer stunning views. This unit is currently leased, providing consistent rental income. Adding to the property's appeal is a shared dock with two private boat slips on the San Sebastian River, each with water and electricity, currently under month-to-month leases. The property is zoned CM-2 and includes riparian rights. The seller is open to various purchase arrangements, including the entire building, or individual sales of the commercial unit, residential unit, or combinations thereof, with or without the boat slips. Detailed pricing is available upon request. This property offers a rare blend of commercial and residential space in a highly desirable waterfront location, making it an ideal investment for those seeking a piece of St. Augustine's vibrant downtown scene. The property is located in St. Johns County, Florida, zip code 32084.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,460 SF
Lot 0.04 ac (1,800 SF)
Zoning code CM2
APN 127360 0020
UPID US18-1045699

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Music Venue Theater & Performing Art Venue
  • Art Gallery

Location

601 Ponce De Leon Blvd Saint Augustine, FL 32084-4227
Saint Augustine metro Census 20300 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$390k

Owner & transaction history

since 2015
3 recorded transactions
2015
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CM2 · Saint Augustine, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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