500 Outlet Mall Blvd
Saint Augustine, FL 32084
St. Augustine Outlets · Retail Property For Sale

SRS Investment Properties Group, as exclusive broker, is pleased to offer for sale St. Augustine Outlets – a prominently situated outlet mall with excess land, and an exciting potential redevelopment opportunity, fronting I-95 in St. Augustine, Florida. St. Augustine Outlets is a fully-functioning outlet mall anchored by major retailers like Saks Off Fifth and H&M. With a mix of open-air shopping in the front of the Property and an enclosed mall portion in the rear, St. Augustine Outlets is characterized by a wide variety of retail offerings. At roughly 74% occupied, the Property presents a notable (retail) value-add opportunity in leasing up available space. However, on a larger scale, the Offering presents investors with the potential to engage in a multifaceted redevelopment of a strategically-positioned real estate asset, fronting I-95 at the gateway to Downtown St. Augustine. Buyers have the option to acquire St. Augustine Outlets and take the Property to the next iteration of its lifespan via a plethora of redevelopment options: **Lease-up existing retail vacancy as-is, including targeting additional, synergistic low-cost providers, develop or sell off outparcel pad sites to dealership users, hotels, and retailers **Redevelop the existing Property for a variety of residential or commercial uses, potentially incorporating street level, convenience retail **Target one of St. Augustine’s largest economic drivers, healthcare, by redeveloping the Property to accommodate medical use, potentially in conjunction with major local hospitals **Create a mixed-use/lifestyle environment, retaining the front portion of the existing retail at St. Augustine Outlets while incorporating multifamily or senior housing in the rear, along with medical or office uses Location The oldest city in the continental United States, St. Augustine serves as the county seat for St. John’s County. A significant component of the Jacksonville, FL MSA, St. Augustine’s rich historical identity has made it one of Florida’s most popular tourist destinations for decades. The city continues to blossom in conjunction with nearby Jacksonville’s rapid expansion, as well as St. John’s County, which boasts the best infrastructure in Florida. The 8th fastest-growing county in the U.S., St. John’s County boasts a beautiful coastline, low costs of living and doing business, an extremely advantageous tax climate, a highly educated workforce and a progressive local government committed to economic development. St. John’s County has been named the “Top Performing Local Economy in Florida” and a “Top Market for Foreign Direct Investment in the Southeast” in 2019.