Fully Leased Retail Asset 3440 US Highway 1 S 3,900 SF 100% Leased Retail Building Saint Augustine, FL 32086 $2,000,000 ($512.82/SF) 4.25% Cap Rate

LOCATION, LOCATION, LOCATION!!! 3440 US Highway 1 S Building 100 including suite 101 & 102 in St. Augustine presents an excellent investment opportunity with a fully leased, dual-tenant commercial concrete building with rare opportunity with direct frontage on US Highway 1. Within the Moultrie Commerce Plaza, the 3,900-square-foot property benefits from strong tenant stability, occupied by Old City Subs, a local sandwich shop, and The Woké Poké, a destination for playing card enthusiasts. With current rental rates below market value, investors have immediate cash flow and future upside potential, making this property a strong addition to any portfolio. Tenant is willing to sign a long-term lease at today's market rate.

Easily convertible back to a single-tenant configuration, the site has broad usability under its flexible General Commercial (CG) zoning. Ideal for retail or professional office users, permitted uses include law offices, medical practitioners, real estate firms, cannabis dispensaries, day spas, restaurants, and more. Ample surface parking and prominent signage along US Highway 1 provide excellent visibility to more than 40,000 vehicles daily (VPD). Nearby national retailers, such as Publix, Tractor Supply, Flagler UF Health Hospital, a brand-new sheriff's office and fire station next door, and Culver’s across the street, drive consistent traffic to the area.

Fifteen minutes from Historic Downtown St. Augustine and surrounded by dense residential neighborhoods, 3440 US Highway 1 S is on one of the city’s busiest corridors. With low HOA fees, including insurance, investors can maintain low overhead while capturing strong tenant demand. Reach out today to learn more about acquiring this income-producing asset in one of Florida’s most sought-after growth markets.