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    193 San Marco Avenue

    St Augustine, FL 32084
    • $749,000
    • STATUS: Active Under Contract
    • ON SITE: 793 days
    • MLS #: 180497
    Under Contract
    UPDATED: 31 min ago
    $749,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    03
    Type:
    Commercial
    County:
    Area:
    03

    School Ratings & Info

    Description

    Occupied with very strong regional tenant on a 5-yr lease starting 7/2020 w/options and increases, tenant pays all taxes, insurance, maint other than owner pays roof maintenance and any AC repairs over $1500/yr. Cap Rate 8% yr 1 & 2. Lease survives sale. Smartly renovated to the exterior walls in 2015, concrete block building sits at over 9' elevation. Electrical, plumbing, roof & AC's all new in 2015, 3-phase power. CM-2 zoning allows for a wide variety of uses, with ability to build up for potential mixed use residential/vacation rental usage above commercial space. See Documents for survey, current floor plan, and sample restaurant floor plan.

    Monthly Payment Calculator



    © 2020 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or The Newcomer Group | Ancient City Real Estate. Data last updated 2020-09-18T08:30:39.18.
    www.thenewcomergroup.com/homes/85696047
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    193 San Marco Avenue St Augustine, FL 32084

    • Price: $749,000
    • Status: Active Under Contract
    • Updated: 31 min ago
    • MLS #: 180497
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    Neighborhood:
    03
    County:
    Saint Johns
    Area:
    03
    Property Description
    Occupied with very strong regional tenant on a 5-yr lease starting 7/2020 w/options and increases, tenant pays all taxes, insurance, maint other than owner pays roof maintenance and any AC repairs over $1500/yr. Cap Rate 8% yr 1 & 2. Lease survives sale. Smartly renovated to the exterior walls in 2015, concrete block building sits at over 9' elevation. Electrical, plumbing, roof & AC's all new in 2015, 3-phase power. CM-2 zoning allows for a wide variety of uses, with ability to build up for potential mixed use residential/vacation rental usage above commercial space. See Documents for survey, current floor plan, and sample restaurant floor plan.
    Exterior Features

    Lot Size .257 Acre Parking Spaces 15

    Interior Features

    Office Sq Ft 2477

    Property Features

    Bank Corporate Owned YN No Business Description Na Business Name Na Cdd YN No Present Zoning Cm-2 Short Sale YN No Type Of Property Investment

    Listing courtesy of 97 Park, Llc.


    © 2020 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or The Newcomer Group | Ancient City Real Estate. Data last updated 2020-09-18T08:30:39.18.
     
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    The Newcomer Group | Ancient City Real Estate
    900 Anastasia Blvd Suite E1
    St. Augustine FL, 32080