29.86517 -81.31723

7 San Bartola Drive Saint Augustine, FL 32086

239929469 29.86517 -81.31723 676 /listing/239929469-151124929/7-san-bartola-drive-saint-augustine-fl-32086 False 0 3150000.0 101 9 187409 False
  • $3,150,000
  • 9 full ba
  • 2.21 Acres lot
  • Est payment $16909.88/mo

Property & Neighborhood Info

Courtesy Of Century 21 Saltwater Property Group

Commercial/Industrial in St Augustine

Opportunity knocks! This multi-tenant industrial property consists of 10 tenants in five buildings constructed in 1983, 1984 and 1997. The property consists of 3 contiguous parcels containing a total of 2.21 acres, which is subject to survey. The site has two physical addresses, 7 San Bartola Drive and 1 Willard Drive, with frontage and access on both right of ways. This property is advantageously located in in the State Road 312/US Highway 1 South corridor, adjacent to Flagler Hospital. Future highest and best use of the property is multi-tenant, medical and professional office type use. Preliminary site and building plans are in process for review. Property is currently zoned (IW) Industrial Warehousing but is located in Mixed-Use District which accommodates rezoning. Current cash flow is reflective of market value and does not take into account future conversion of the property. Utilize existing cash flow (7.25 Cap Rate) while plans and financing arrangements are made for a more profitable owner and/or tenant occupied future investment and development. This location is main and main for the medical office field. This would be a great 1031 exchange property for an investor and is capable of sustaining a strong future cash flow where we have low tenant turnover and high occupancy rates for this type of space and tenant. Existing rental rates are low to below market and can easily be bumped to generate a higher rate of return for next owner. Call Listing Agent to view property and do not approach tenants.

Courtesy Of Century 21 Saltwater Property Group
  1. 9 Full Bath
  2. 2.21 Acres Lot

Main Features

  • Listing Status: Active
  • Year Built: 1983
  • Floors: 1
  • Full Bath: 9
  • County: Saint Johns
  • Tax Year: 2019
  • MLS Number:187409

Additional Features

  • Floors:
    • Concrete
  • Office Sq Ft:
    • 0
  • Building Size:
    • 37,500
  • Business Description:
    • Multi-Tenant Warehouse
  • Business Industry:
    • No
  • Business Name:
    • 312 Industrial Park
  • Commercial Type:
    • Industrial-Light
    • Manufacturing-Light
    • Warehouse Storage
  • Location:
    • Industrial Park
  • Roof:
    • Corrugated Metal
  • Type of Property:
    • Industrial
  • Warehouse Sq Ft:
    • 37500
  • Foundation:
    • Concrete
  • Exterior:
    • Steel
  • Acres:
    • 2.21
  • Presently Zoned:
    • IW
  • Survey Available:
    • Yes
  • On Street Parking:
    • No
  • Sprinklers:
    • No
  • Potential Use:
    • Commercial
    • General
  • Present Use:
    • Industrial
    • Warehousing
  • Rail Road Access:
    • No
  • Sidewalks:
    • No
  • Waste:
    • Sewer
  • Water:
    • Public Water
  • Water Access:
    • No
  • Zoning Jurisdiction:
    • St. Johns County
  • Agreements:
    • Exclusive Right to Sell
  • Bank Owned:
    • No
  • Easements:
    • No
  • Financing:
    • Terms to be Negotiated
  • Gross Income:
    • 268380
  • Lease:
    • No
  • Legal Description:
    • (18-12F) PERPALL GRANT SUB PT OF LOT 11 LYING S OF SR 312 163.5 X 280 FT OR1137/165; (18-12J) PERPALL GRANT SUB PT OF LOT 11 LYING S OF R/W SR 312 (EX PT IN OR866/1517) 84.73 X 163.5FT OR1137/165; (18-12P) PERPALL GRANT SUB PT OF LOT 11 LYING S OF SR 312
  • Real Estate Option:
    • Yes
  • Sale Rent:
    • For Sale
  • Short Sale:
    • No
  • Tenancy:
    • Fully Leased
    • Multiple Tenants
  • Approx Sq Ft Lot:
    • 96267
  • Expenses:
    • 40113
  • Millage Rate:
    • 14.1817
  • Parcel ID:
    • 135079-0126
  • Taxes:
    • 15682.34
Neighborhood info courtesy of Homes.com © 2019

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Dori Mackoul Dekle
Dori Mackoul Dekle
Managing Broker/Owner
12276 San Jose Blvd Suite 206 Jacksonville FL 32223
29.86517 -81.31723

7 San Bartola Drive Saint Augustine, FL 32086

239929469 29.86517 -81.31723 676 /listing/239929469-151124929/7-san-bartola-drive-saint-augustine-fl-32086 False 0 3150000.0 101 9 187409 False
  • $3,150,000
  • 9 full ba
  • 2.21 Acres lot
  • Est payment $16909.88/mo