The Gerona Building
$1,299,000
2692 Us-1, Saint Augustine, FL 32086, St. Augustine, FL 32086
2.63
Cap Rate
39,379.84
NOI
Details:
Highlights:
- Proforma 10 CAP
- Two Separate Properties
- Frontage on US1
- Signage
Description:
Prime Investment Opportunity – PROFORMA 10 CAP
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. FLU: Mixed Use Commercial
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 US-1 South
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Location
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