316 State Road 16 - Retail FOR SALE


Saint Augustine, FL 32084- Greater St Augustine
$3,000,000 USD
904-823-3456
316 State Road 16, Saint Augustine, FL for Sale
$3,000,000 USD
Retail - FOR SALE
1/62
null | Request Cap Rate

316 State Road 16
Saint Augustine, FL 32084
Greater St Augustine


OVERVIEW

An outstanding commercial real estate opportunity located on State Road 16, one of the highest trafficked roads in St. Augustine, Florida with over 16,000 vehicles daily. This offering includes two adjacent parcels totaling just over one acre, with 2 buildings at over 12,500 square feet of combined space. The larger building is currently owner-operated as a flooring business and a tenant occupies the smaller building as a kitchen cabinet business on a short-term lease that can be negotiated. The sale includes real estate only, not the operating businesses. The first property, located at 316 State Road 16, sits on a 0.5-acre lot and features a 7,200 square foot insulated and climate-controlled building constructed with 16-20 ft ceilings in 2019. The structure has a metal roof and aluminum siding. The interior currently serves as a bright, modern showroom for flooring, and includes two handicap accessible restrooms. The property also features a paved parking lot and its own septic system, which is just five years old. Next door, 320 State Road 16 occupies a 0.52-acre lot and includes a 5,320 square foot of climate-controlled building built in 1984. The interior offers an office area of 960 square feet and is currently used as a kitchen cabinet showroom, complete with office space and a bathroom. The remaining area is insulated and also climate controlled. This building has its own separate septic system.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

316 & 320 State Rd 16

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

CG

APN/PARCEL ID

093980-0050

ASK ABOUT THIS PROPERTY

Stephanie Hannon-NorwoodGreat Expectations RealtyMore Info
904-823-3456

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Stephanie Hannon-NorwoodGreat Expectations RealtyMore Info
904-823-3456

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