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$ 1,650,000
Est. payment | /mo
4 Baths
0.89 Acres Lot
$ 1,650,000
Est. payment | /mo
4 Baths
0.89 Acres Lot
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 261143
Full Baths 4
HOA Y/N No
Year Built 1945
Annual Tax Amount $8,883
Lot Size 0.890 Acres
Acres 0.89
Property Sub-Type Investment
Property Description
Positioned in the rapidly evolving West Augustine corridor at 74 & 82 Masters Drive, this dual-asset offering presents a rare combination of immediate stability and high-upside development potential. (includes parcel 109580-0000) Zoned CL-1 (Commercial Low-One) and located within the City of St. Augustine, the property is perfectly suited for an investor or owner-user looking to capitalize on the area's commercial growth. The flexibility of this asset is what makes it so appealing. Enjoy the assurance of regular long term income produced by the four tenants while planning for expansion on the neighboring lot.(82 Masters Dr.) The businesses in place feature a multitude of uses including a yoga studio, boat equipment storage, and a guitar store. Listing includes Parcel 1 & 2 noted on photos. Seller Financing is available and terms are negotiable. CL-1 zoning allows for many uses including professional offices, restaurants, retail outlets, and professional services like hair or nail salons. There are also a number of uses by exception including car repair facilities and immediate care centers. Max building height of 35 feet. All information, including square footage and acreage, is deemed reliable but not guaranteed. Listing broker and seller do not warrant or represent the accuracy of any measurements or property dimensions contained herein. All interested parties and their agents are strongly encouraged to independently verify all measurements and property specifications prior to closing.
Location
State FL
County St. Johns
Area 05N
Zoning CL-1
Interior
Heating Central A/C, Electric
Cooling Central A/C, Electric
Exterior
Water Access Desc No
Building
Story 1
Water City
Level or Stories 1
Structure Type Aluminum,Concrete,Steel
Listed by Superior Real Estate Services
Nearby Locations
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