112 Anastasia Blvd - Freestanding FOR SALE


Saint Augustine, FL 32080- North Davis Shores
$2,650,000 USD
904-708-4221
112 Anastasia Blvd, Saint Augustine, FL for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

112 Anastasia Blvd
Saint Augustine, FL 32080
North Davis Shores


HIGHLIGHTS

  • Prime signalized corner at one of St. Augustine's busiest commercial intersections
  • 6,124± SF concrete block building on four separately metered commercial suites
  • Current rental income of $15,412.40 per month
  • Opportunity to increase NOI through lease-up and future rent growth
  • Rare grandfathered illuminated roadside signage with exceptional visibility
  • Steel roof truss construction allowing for large open-span reconfiguration

OVERVIEW

Premier Corner Investment Opportunity in Historic St.Augustine Positioned on one of St. Augustine's most recognizable commercial corridors, 110–112 Anastasia Boulevard presents a rare opportunity to acquire a highly visible, income-producing mixed-use asset with exceptional long-term upside in one of Florida's strongest coastal investment markets. Located on a signalized hard corner at the entrance to Anastasia Island, the property benefits from outstanding exposure to thousands of vehicles and pedestrians traveling daily between Historic Downtown St. Augustine, the Bridge of Lions, Anastasia Island, St. Augustine Beach, the St.Augustine Amphitheatre, and the Florida Historic Coast. The signalized pedestrian crosswalk directly in front of the property further enhances visibility and accessibility. The property consists of a 6,124± SF concrete block building divided into four separately metered commercial suites, each with its own private entrance, restroom, and utilities. The asset is currently producing $15,412.40 per month in rental income while still offering immediate value-add potential through lease-up of the remaining available space and future rental rate growth. One of the property's most valuable and increasingly irreplaceable features is its grandfathered illuminated roadside signage. Prominently positioned along Anastasia Boulevard, this oversized pylon and changeable-copy sign provides exceptional visibility that would be extremely difficult, if not impossible, to replicate under today's sign regulations.? The signage delivers tremendous branding and advertising value for both current and future occupants, creating a significant competitive advantage over surrounding commercial properties. Beyond the existing cash flow, the property's greatest strength lies in its remarkable flexibility. The building was constructed with steel roof trusses spanning from the exterior walls to the center of the structure, allowing the existing interior CMU partition walls to be removed without compromising the primary structural system. This creates the opportunity to transform the building into a single 6,100+ SF open-concept commercial space, accommodating larger users or a wide range of retail, restaurant, medical, office, fitness, entertainment, brewery, or hospitality concepts. The property is zoned CL-2 (Commercial Limited Two), permitting a broad array of commercial uses including restaurants, bars, retail, professional offices, personal services, galleries, entertainment venues, and mixed-use concepts. Adding even greater long-term value, CL-2 zoning permits a maximum building height of approximately 33.5 feet, creating an exceptional redevelopment opportunity. A future owner may explore vertical expansion or the addition of a rooftop restaurant, bar, lounge, or event venue (subject to all applicable approvals and buyer verification), capturing panoramic views of Matanzas Bay, the Bridge of Lions, Historic Downtown St. Augustine, and the surrounding waterfront.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Signalized Corner Property on Anastasia Blvd

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CL-2

APN/PARCEL ID

217980-0000

ASK ABOUT THIS PROPERTY

Kayla CampbellFlorida Homes Realty and MortgageMore Info
904-708-4221

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Kayla CampbellFlorida Homes Realty and MortgageMore Info
904-708-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.