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$ 6,350,000
Est. payment /mo
Price Dropped by $145K
844 Anastasia Blvd St Augustine, FL 32080
1 Bath
1.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 263704
Full Baths 1
HOA Y/N No
Year Built 1952
Annual Tax Amount $60,334
Tax Year 2025
Lot Size 1.460 Acres
Acres 1.46
Property Sub-Type Retail
Property Description
Lighthouse Plaza is a fully leased, 16-unit retail center totaling 26,485 SF on 1.46 acres along Anastasia Boulevard (SR A1A), St. Augustine's main corridor between historic downtown and the beaches, a few hundred feet from the St. Augustine Lighthouse and the Alligator Farm. The center is 100% leased (16 of 16 suites) to established local operators on predominantly NNN leases with 3% annual increases. Offered at $6,350,000, a 7.0% cap rate on pro forma NOI of $444,530 (approximately $240/SF), with an average base rent of $16.78/SF. Recent improvements include roof, facade, storefront and electrical work. The sale includes an additional lot on Palmetto Avenue at the rear of the center, currently used for overflow parking. Recently Renovated 100% leased - 16 of 16 suites on predominantly NNN leases with 3% annual increases High-exposure frontage along Anastasia Blvd Flexible zoning allows a range of retail and commercial uses
Location
State FL
County St. Johns
Area 06
Exterior
Water Access Desc No
Building
Story 1
Level or Stories 1
Listed by Coldwell Banker Commercial Premier Properties