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250 Sr-207 1,480 SF Office Building Saint Augustine, FL 32084 $1,795,000 ($1,212.84/SF)

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Investment Highlights

12,000 AADT along SR207, 33,000 AADT along SR 312 and 35,000 AADT along US1

Executive Summary

Prime investment opportunity on major corridor in St. Augustine, FL! This property can be utilized in it's current state as a medical office or similar. Additionally, it can be redeveloped into a different type of business of your choosing that fits within the broad Commercial General zoning definition. The neighboring property to the South is included in this sale and creates an ideal size property for a major redevelopment play. Additionally, the ditch running along the East side of the parcels can be vacated and filled with an update to the permit that was previously approved. The filled ditch cannot be built on, but it can be used as parking. See attachment(s). Furthermore, the alleyway that abuts this property is well on it's way to being vacated by the County,(approximately 90 days away from approval) which will give the future owner nearly 2 acres total of developable sq. ft.
The current tenant's lease expires in approximately one year and does not include any extension options.

250-SR207-Survey w: ditch construction plan

250 SR207-Survey

250 SR207-Survey w: Ditch Construction(2)

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

1,480 SF

Building Class

Year Built

1976

Price

$1,795,000

Price Per SF

$1,212.84

Tenancy

Single

Building Height

1 Story

Typical Floor Size

1,480 SF

Building FAR

0.02

Lot Size

1.65 AC

Zoning

CG - St. Johns County's Commercial General (CG) zoning allows for various business uses, serving neighborhoods with offices, retail, and restaurants.

Parking

16 Spaces (6.93 Spaces per 1,000 SF Leased)

Monument Signage

Health Care and Social Assistance
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Rural Health Care, Inc. d/b/a/ Aza Health is a private non-profit community and migrant health center established in rural Putnam County, Florida in 1977. A federally qualified health center (FQHC), Aza Health operates in areas designated as Health Professional Shortage Areas and or Medically Underserved Areas or Populations. Most Aza Health physicians are Board Certified or board eligible in Family Practice, and Internal Medicine. Since its founding in 1977, Rural Health Care, Inc. (Aza Health) has grown to include locations in six contiguous counties in northern Florida: Alachua County, Clay County, Flagler County, Putnam County, St. Johns County and Volusia County. Today Aza Health operates 11 full-time primary care centers offering a wide range of services, three full-time dental centers, and nine full-service pharmacies. In addition, with more than 250 employees, Aza Health is a major employer in the area.