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524-590 Market St 3,916 SF Office/Retail Condo Unit Offered at $859,000 in Saint Augustine, FL 32095

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PROPERTY FACTS

Total Building Size	9,216 SF	Typical Floor Size	3,072 SF
Property Type	Multifamily (Condo)	Year Built	1986
Property Subtype	Apartment Office Office Residential	Lot Size	0.43 AC
Building Class	B	Parking Ratio	0.86/1,000 SF
Floors	3
Zoning	PUD - Planned Unit Development

Total Building Size	9,216 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment Office Office Residential
Building Class	B
Floors	3
Typical Floor Size	3,072 SF
Year Built	1986
Lot Size	0.43 AC
Parking Ratio	0.86/1,000 SF
Zoning	PUD - Planned Unit Development

1 UNIT AVAILABLE

Unit 554

Unit Size	3,916 SF	Sale Type	Investment
Price	$859,000	Cap Rate	7.00%
Price Per SF	$219.36	NOI	$60,130
Condo Use	Office/Retail	APN/Parcel ID	072095-0190

Unit Size	3,916 SF
Price	$859,000
Price Per SF	$219.36
Condo Use	Office/Retail
Sale Type	Investment
Cap Rate	7.00%
NOI	$60,130
APN/Parcel ID	072095-0190

SALE NOTES

Palencia in St. Johns County in St. Augustine is an upscale community that attracts great tenants.
Currently a 7 Cap. If managed well, at current pace then one should be
able to project 3-4% yearly increase in revenue and long-term leases are positioned as such. Short-term rental option for one of three units.

Three addresses: 550 MARKET ST - 1070sqft Office 554 MARKET ST - 2350sqft Townhome 359 MIDWAY ST - 550sqft Apartment