Signalized Corner Property on Anastasia Blvd 112 Anastasia Blvd 6,124 SF 75% Leased Retail Building Saint Augustine, FL 32080 $2,650,000 ($432.72/SF)

Premier Corner Investment Opportunity in Historic St.Augustine
Positioned on one of St. Augustine's most recognizable commercial corridors, 110–112 Anastasia Boulevard presents a rare opportunity to acquire a highly visible, income-producing mixed-use asset with exceptional long-term upside in one of Florida's strongest coastal investment markets.
Located on a signalized hard corner at the entrance to Anastasia Island, the property benefits from outstanding exposure to thousands of vehicles and pedestrians traveling daily between Historic Downtown St. Augustine, the Bridge of Lions, Anastasia Island, St. Augustine Beach, the St.Augustine Amphitheatre, and the Florida Historic Coast. The signalized pedestrian crosswalk directly in front of the property further enhances visibility and accessibility.
The property consists of a 6,124± SF concrete block building divided into four separately metered commercial suites, each with its own private entrance, restroom, and utilities. The asset is currently producing $15,412.40 per month in rental income while still offering immediate value-add potential through lease-up of the remaining available space and future rental rate growth.
One of the property's most valuable and increasingly irreplaceable features is its grandfathered illuminated roadside signage. Prominently positioned along Anastasia Boulevard, this oversized pylon and changeable-copy sign provides exceptional visibility that would be extremely difficult, if not impossible, to replicate under today's sign regulations.? The signage delivers tremendous branding and advertising value for both current and future occupants, creating a significant competitive advantage over surrounding commercial properties.
Beyond the existing cash flow, the property's greatest strength lies in its remarkable flexibility. The building was constructed with steel roof trusses spanning from the exterior walls to the center of the structure, allowing the existing interior CMU partition walls to be removed without compromising the primary structural system. This creates the opportunity to transform the building into a single 6,100+ SF open-concept commercial space, accommodating larger users or a wide range of retail, restaurant, medical, office, fitness, entertainment, brewery, or hospitality concepts.
The property is zoned CL-2 (Commercial Limited Two), permitting a broad array of commercial uses including restaurants, bars, retail, professional offices, personal services, galleries, entertainment venues, and mixed-use concepts.
Adding even greater long-term value, CL-2 zoning permits a maximum building height of approximately 33.5 feet, creating an exceptional redevelopment opportunity. A future owner may explore vertical expansion or the addition of a rooftop restaurant, bar, lounge, or event venue (subject to all applicable approvals and buyer verification), capturing panoramic views of Matanzas Bay, the Bridge of Lions, Historic Downtown St. Augustine, and the surrounding waterfront.