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316 & 320 State Rd 16 316 State Road 16 12,500 SF Retail Building Saint Augustine, FL 32084 $3,000,000 ($240/SF)
EXECUTIVE SUMMARY
An outstanding commercial real estate opportunity located on State Road 16, one of the highest trafficked roads in St. Augustine, Florida with over 16,000 vehicles daily. This offering includes two adjacent parcels totaling just over one acre, with 2 buildings at over 12,500 square feet of combined space. The larger building is currently owner-operated as a flooring business and a tenant occupies the smaller building as a kitchen cabinet business on a short-term lease that can be negotiated. The sale includes real estate only, not the operating businesses.
The first property, located at 316 State Road 16, sits on a 0.5-acre lot and features a 7,200 square foot insulated and climate-controlled building constructed with 16-20 ft ceilings in 2019. The structure has a metal roof and aluminum siding. The interior currently serves as a bright, modern showroom for flooring, and includes two handicap accessible restrooms. The property also features a paved parking lot and its own septic system, which is just five years old.
Next door, 320 State Road 16 occupies a 0.52-acre lot and includes a 5,320 square foot of climate-controlled building built in 1984. The interior offers an office area of 960 square feet and is currently used as a kitchen cabinet showroom, complete with office space and a bathroom. The remaining area is insulated and also climate controlled. This building has its own separate septic system.
The first property, located at 316 State Road 16, sits on a 0.5-acre lot and features a 7,200 square foot insulated and climate-controlled building constructed with 16-20 ft ceilings in 2019. The structure has a metal roof and aluminum siding. The interior currently serves as a bright, modern showroom for flooring, and includes two handicap accessible restrooms. The property also features a paved parking lot and its own septic system, which is just five years old.
Next door, 320 State Road 16 occupies a 0.52-acre lot and includes a 5,320 square foot of climate-controlled building built in 1984. The interior offers an office area of 960 square feet and is currently used as a kitchen cabinet showroom, complete with office space and a bathroom. The remaining area is insulated and also climate controlled. This building has its own separate septic system.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
12,500 SF
Building Class
B
Year Built
2018
Price
$3,000,000
Price Per SF
$240
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.50 AC
Zoning
CG - General Commercial
PROPERTY TAXES
| Parcel Number | 093980-0050 | Improvements Assessment | $396,024 |
| Land Assessment | $205,200 | Total Assessment | $601,224 |
PROPERTY TAXES
Parcel Number
093980-0050
Land Assessment
$205,200
Improvements Assessment
$396,024
Total Assessment
$601,224
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316 & 320 State Rd 16 | 316 State Road 16
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