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.