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524-590 Market St
Saint Augustine, FL 32095 Greater St Augustine

$859,000 USD

Apartments Condo For Sale  •  3,916 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,216 SF
  • Lot Size 0.43 AC
  • Building Class B
  • Year Built 1986
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning PUD
0 Transit Score
30 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 554 Office/Retail 3,916 SF $859,000 USD
  • Unit Size: 3,916 SF
  • Condo Use: Office/Retail
  • Price: $859,000 USD
  • Sale Type: Investment
  • Price/SF: $219.36 USD
Sale Notes
Palencia in St. Johns County in St. Augustine is an upscale community that attracts great tenants.
Currently a 7 Cap. If managed well, at current pace then one should be
able to project 3-4% yearly increase in revenue and long-term leases are positioned as such. Short-term rental option for one of three units.

Three addresses: 550 MARKET ST - 1070sqft Office 554 MARKET ST - 2350sqft Townhome 359 MIDWAY ST - 550sqft Apartment

Financial Summary

Cap Rate: 7.00 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Danzar
DataBean
Sofie Spa Salon
Spear Leader
Studio A
Tori Stauffer Photography LLC
Village Day Extended Daycare

Public Transportation

AirportDriveWalkDistance
Jacksonville International 58 min - 43.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Douglas Senecal 478-390-3531 Exit Magnolia Point Realty
Douglas Senecal 478-390-3531 Exit Magnolia Point Realty