197/201/203 W King St. St, St Augustine, FL
Retail for Sale - $999,000
Property Info
CIMLS# | 1096917 |
Location 197/201/203 W King St. St St Augustine FL 32084 | |
Updated | January 1st, 2022 |
Type | Retail |
Price | $999,000 |
Property Description
Looking for that special Investment Opportunity with great upside potential in a high demand area with limited barriers to entry? Look no further and come on board. Rare W. King Street opportunity to invest in this nostalgic 3 unit retail building at the entrance to the St. Augustine's rapidly evolving West Augustine district. An area desirable for eclectic retail shops, brewery's, coffee shops and restaurants. Rental opportunities seldom come available but those that do are seeing staggering rental rates. This building has rental rates well below "market rate" and with upside potential with moderate rate increases to existing tenants or substantial increase to new tenants. 2 of the 3 commercial spaces have options to extend from 2-5 years. One space the lease expires in March of 2022.