801 Ponce De Leon Blvd 4,200 SF 3% Leased Retail Building Saint Augustine, FL 32084 $1,650,000 ($392.86/SF)

Located on US 1 (So. Ponce De Leon Blvd.) at the intersection with State Rd. 207, St. Augustine, FL 32084
This excellent, high-profile property is located on South Ponce De Leon Blvd. –at the intersection with State Rd. 207, in St. Augustine.
The property is adjacent to Jimmy Hula’s Restaurant on the north side and the Diane’s Marketplace Plaza on the south side.
Any number of businesses could thrive in this outstanding, highly visible location located in the heart of the US 1, St. Augustine business district.
Additional businesses close by:
Diane’s Natural Market
Jersey Mike’s
Green Papaya
Metro Diner
Winn-Dixie Supermarket
The Shipyards
The owners left this building purposely vacant for the purpose and freedom to remodel, redevelop and/or re-leasing at current market rates.
Lease comps in this immediate area are in the $37 - $42 sq. ft. range with +3 – 4% annual escalations –with landlords offer in TI.
Also, for comps, the property purchased by the Chik-Fil-A recently sold for $3.4 million (02/13/2024).
This property (vacant land) is 0.75 mile south of 801 S. Ponce.
This property has a daily traffic count of 43,000.
There are 20 parking spaces for this property - to be verified by buyer.