Active
844 ANASTASIA BLVD
$6,350,000
Features:
Property Details
Remarks
Lighthouse Plaza is a fully leased, 16-unit retail center totaling 26,485 SF on 1.46 acres along Anastasia Boulevard (SR A1A), St. Augustine's main corridor between historic downtown and the beaches, a few hundred feet from the St. Augustine Lighthouse and the Alligator Farm. The center is 100% leased (16 of 16 suites) to established local operators on predominantly NNN leases with 3% annual increases. Offered at $6,350,000, a 7.0% cap rate on pro forma NOI of $444,530 (approximately $240/SF), with an average base rent of $16.78/SF. Recent improvements include roof, facade, storefront and electrical work. The sale includes an additional lot on Palmetto Avenue at the rear of the center, currently used for overflow parking.
Financial Considerations
Price:
$6,350,000
HOA Fee:
N/A
Tax Amount:
$60334.99
Price per SqFt:
$239.76
Tax Legal Description:
1-58 CARVERS SUB ANASTASIA LOTS 1 THRU 5 BLK 19 & CAPO'S ADDN ANASTASIA ALL BLK E LYING E OF SRA1A & VAC MATANZAS AVE LYING W TO SRA1A & PT VACATED CARVER ST LYING BETWEEN BLKS OR456/653 OR589/805 OR723/677 (NAME CHNG MERGER PER F47511) OR606 1/1265
Exterior Features
Lot Size:
56256
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1952
Construction Type:
Other
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
- Address844 ANASTASIA BLVD
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