904-501-5210
125 King St, Saint Augustine, FL for Sale
Freestanding - FOR SALE
1/19
null | Request Cap Rate

125 King St
Saint Augustine, FL 32084
Greater St Augustine


HIGHLIGHTS

  • Prime signalized corner in Historic Downtown St. Augustine- 8 Million Visitors/Year- More than the Grand Canyon- "Last Best" Redevelopment Site
  • 0.52-acre site with ~13,500 SF buildable per floor (up to 40,000 SF total)
  • Zoning: CL-2 (Commercial Low-Two) – supports retail, hospitality, residential
  • "Air Rights": Height Limit is 35’ (as-of-right), precedent exists for up to 50–65’ with exception
  • Potential for Covered Land Play: Strong In-Place Rents with room for growth in high demand sub-market
  • No Historical Redevelopment Restrictions: Existing structure is not architecturally significant and can be re-developed

OVERVIEW

Market Force Commercial Real Estate is pleased to present 125 King Street, a rare redevelopment opportunity in the heart of historic St. Augustine, Florida. This signalized corner site is situated within one of the nation’s most visited downtown districts, offering an exceptional canvas for a mixed-use project incorporating hospitality, retail, and residential components. Currently improved with a single-story retail building occupying just ~19% of its development potential, the property’s flexible CL-2 zoning allows for significant vertical and horizontal densification. Developers can build up to 35 feet (as-of-right) or pursue a height exception to approximately 50–65 feet, unlocking up to 40,000 SF across three to five stories. The site’s location benefits from high pedestrian traffic, proximity to world-class attractions, and a strong tourism-driven economy with over 8 million annual visitors. Surrounding developments, including the San Sebastian Inland Harbor and the West King Mobility Project, reinforce the area’s momentum and provide strong comparables for retail and hospitality demand. This offering represents an unmatched opportunity to create a flagship mixed-use destination in St. Augustine’s historic core.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Old Town Redevelopment Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CL-2

APN/PARCEL ID

202280-0000

ASK ABOUT THIS PROPERTY

Zachary LemkeMarket Force CREMore Info
904-501-5210

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Zachary LemkeMarket Force CREMore Info
904-501-5210

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