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Additional details

Kendra Rogers

kendra@roundtablerealty.com +1(904) 830-1511

$ 6,350,000

Est. payment | -/mo

33,075 SqFt

Save Virtual Tour

$ 6,350,000

Est. payment | -/mo

Save Virtual Tour

33,075 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 33,075 sqft

Price per Sqft $191

Subdivision Carvers Sub

MLS Listing ID GC543551

Construction Status Completed

HOA Y/N No

Year Built 1952

Annual Tax Amount $60,334

Lot Size 1.290 Acres

Acres 1.29

Lot Dimensions 179x119

Property Sub-Type Retail

Source Stellar MLS

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.

Location

State FL

County St Johns

Community Carvers Sub

Area 32080 - Saint Augustine

Zoning CL2

Interior

Cooling Central Air

Exterior

View Y/N No

Water Access No

Building

Story 1

Entry Level One

Foundation Other

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Other

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC543551

Listed by Eric Maimo COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 830-1511

kendra@roundtablerealty.com

844 ANASTASIA BLVD St Augustine, FL 32080