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Gerona Building 2692 Us-1 6,132 SF 75% Leased Office Building Saint Augustine, FL 32086 $2,092,800 CAD ($341.29 CAD/SF)
INVESTMENT HIGHLIGHTS
- Flexible Space Configurations: The building is designed with 20 individual offices that can be combined to accommodate varying tenant needs.
- Diversified Tenant Base: The mix of small office spaces is ideal for attracting a broad range of tenants ensuring consistent occupancy
- High Exposure Location: The property’s prime positioning on US-1 ensures excellent visibility and accessibility, attracting a steady stream of tenants
- Short-Term Rental Potential: The building is also well-suited for short-term leases, providing flexibility to capture premium rents from businesses.
EXECUTIVE SUMMARY
Prime Investment Opportunity – Multi-Tenant Office Building with Strong Income Potential
Located on high-traffic US-1 in St. Augustine, FL, this two-story office building presents a unique opportunity for investors seeking consistent cash flow and long-term value. With 20 individual office units, each suitable for single or multi-person occupancy, this property offers a versatile layout that can be easily customized to meet tenant demand. Purchase includes the neighboring house at 101 Gerona Street that could be rezoned to allow additional commercial use or expansion.
This office building is an excellent addition to any investment portfolio, combining strong location, flexible rental options, and the potential for steady income growth. Don't miss the chance to invest in a property with substantial upside and minimal overhead.
Located on high-traffic US-1 in St. Augustine, FL, this two-story office building presents a unique opportunity for investors seeking consistent cash flow and long-term value. With 20 individual office units, each suitable for single or multi-person occupancy, this property offers a versatile layout that can be easily customized to meet tenant demand. Purchase includes the neighboring house at 101 Gerona Street that could be rezoned to allow additional commercial use or expansion.
This office building is an excellent addition to any investment portfolio, combining strong location, flexible rental options, and the potential for steady income growth. Don't miss the chance to invest in a property with substantial upside and minimal overhead.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
6,132 SF
Building Class
C
Year Built
1984
Price
$2,092,800 CAD
Price Per SF
$341.29 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,484 SF
Slab To Slab
8’
Building FAR
0.33
Lot Size
0.43 AC
Zoning
CG - 2692 US-1 is Zoned CG. 101 Gerona is Zoned RS-3 however it is in the Mixed Use corridor of the Future Land Use Plan for a potential rezoning.
Parking
20 Spaces (3.26 Spaces per 1,000 SF Leased)
AMENITIES
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ancient City Computer Service
- Professional, Scientific, and Technical Services
- -
- -
- -
- Emma Concert Association
- Services
- -
- -
- -
- The Peaceful Place
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ancient City Computer Service | Professional, Scientific, and Technical Services | - | - | - | ||
| Emma Concert Association | Services | - | - | - | ||
| The Peaceful Place | Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 244780-0212 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $547,969 CAD |
PROPERTY TAXES
Parcel Number
244780-0212
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$547,969 CAD
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Gerona Building | 2692 Us-1
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