3440 US Highway 1 S - Retail FOR SALE


Saint Augustine, FL 32086- Greater St Augustine
$2,000,000 USD
904-664-9471
3440 US Highway 1 S, Saint Augustine, FL for Sale
$2,000,000 USD
Retail - FOR SALE
1/26
null | 4.25% Cap Rate

3440 US Highway 1 S
Saint Augustine, FL 32086
Greater St Augustine


HIGHLIGHTS

  • Acquire a fully leased 3,900-square-foot dual-tenant commercial asset with stable income flow from established tenants.
  • Rare opportunity with exceptional pylon and building signage visibility along US Highway 1 S with exposure to over 40,000 vehicles per day (VPD).
  • Flexible General Commercial (CG) zoning allows for a roster of retail, restaurant, office, service-oriented, and light medical uses.
  • Below-market rents provide investors with immediate in-place cash flow while presenting a compelling value-add opportunity.

OVERVIEW

LOCATION, LOCATION, LOCATION!!! 3440 US Highway 1 S Building 100 including suite 101 & 102 in St. Augustine presents an excellent investment opportunity with a fully leased, dual-tenant commercial concrete building with rare opportunity with direct frontage on US Highway 1. Within the Moultrie Commerce Plaza, the 3,900-square-foot property benefits from strong tenant stability, occupied by Old City Subs, a local sandwich shop, and The Woké Poké, a destination for playing card enthusiasts. With current rental rates below market value, investors have immediate cash flow and future upside potential, making this property a strong addition to any portfolio. Tenant is willing to sign a long-term lease at today's market rate. Easily convertible back to a single-tenant configuration, the site has broad usability under its flexible General Commercial (CG) zoning. Ideal for retail or professional office users, permitted uses include law offices, medical practitioners, real estate firms, cannabis dispensaries, day spas, restaurants, and more. Ample surface parking and prominent signage along US Highway 1 provide excellent visibility to more than 40,000 vehicles daily (VPD). Nearby national retailers, such as Publix, Tractor Supply, Flagler UF Health Hospital, a brand-new sheriff's office and fire station next door, and Culver’s across the street, drive consistent traffic to the area. Fifteen minutes from Historic Downtown St. Augustine and surrounded by dense residential neighborhoods, 3440 US Highway 1 S is on one of the city’s busiest corridors. With low HOA fees, including insurance, investors can maintain low overhead while capturing strong tenant demand. Reach out today to learn more about acquiring this income-producing asset in one of Florida’s most sought-after growth markets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$513 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fully Leased Retail Asset

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

CG

APN/PARCEL ID

173221-0100

ASK ABOUT THIS PROPERTY

Dan SiariSTA RealtyMore Info
904-664-9471

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Dan SiariSTA RealtyMore Info
904-664-9471

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