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2455 State Road 16
Saint Augustine, FL 32092
Retail Property For Sale
Investment Highlights
- Triple Net Lease – Zero Landlord Responsibilities.
- ?Experienced Operator with Multiple Denny's Locations.
- ?Adjacent to Hampton Inn, Red Roof Inn +, and Best Western +, which provide constant walking traffic.
- ?6 years left on original 20-year term with options extending another 20 years.
- ?High Traffic Area, 70,000 VPD on the adjacent I-95 Expressway, and 30,000 VPD on State Road 16.
- ?Located in Dense Tourism Area next to St. Augustine Indoor Mall, Premium Outlets, Car Dealerships, and St. Augustine Aquarium.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,368 SF
Building Class
C
Year Built
1992
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.84 AC
Zoning
CHT - The property is zoned Commercial Highway Tourist(CHT)with other zoning in the area of industrial warehouse, commercial intensive, commercial general.
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $657,098 | |
| Land Assessment | $422,073 | Total Assessment | $1,079,171 |
Property Taxes
Parcel Numbers
Land Assessment
$422,073
Improvements Assessment
$657,098
Total Assessment
$1,079,171
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