This fully occupied mixed use quadplex is an 7% cap rate and is situated in the desirable Crescent Beach area of St. Augustine, spans two parcels (double deep) and offers a mix of office and residential use. On the first floor, there are two office spaces, each measuring 1,080 sq ft, featuring ADA-compliant bathrooms. These offices, in very good condition, can be internally connected and are fully leased, boasting an impressive 7% Cap Rate. The second floor houses two residential units, each with 3 bedrooms, 2 baths, and spanning 1,080 sq ft. These units come fully furnished, including full kitchens with appliances, and offer a serene neighborhood view, just a short walk to the beach. The property includes a concrete driveway and parking area with handicapped spots. It enjoys good visibility from A1A, is in flood zone AE, and encompasses a total area of 0.43 acres. Zoned Neighborhood commercial. Built in 2007, this property presents a valuable investment opportunity.
| Property Type | Multi-Family |
|---|---|
| Year Built | 2007 |
| Tax Year | 2021 |
| Listing ID | 7Q9QTP |
| MLS ID | 243286 |
| Style | Other Style |
| Taxes | $4,554 |
Directions: Located on the west side of A1A S.