7 San Bartola Dr

    St Augustine, FL 32086
    • $3,150,000
    • STATUS: Active
    • ON SITE: 147 days
    • MLS #: 996159
    UPDATED: 39 min ago
    $3,150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    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.

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    © 2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Keller Williams Realty Atlantic Partners are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2019-10-15T16:25:02.15.

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    www.noahbaileygroup.com/homes/94993521

    7 San Bartola Dr St Augustine, FL 32086

    • Price: $3,150,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 996159
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    33-St Johns County-Se
    County:
    St. Johns
    Area:
    33-St Johns County-Se
    Property Description
    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.
    Exterior Features

    Lot Description Regular Lot Navigable To Ocean YN No Parking Facilities Concrete Road Surface Asphalt Road Waterfront YN No

    Interior Features

    Total Bldg Sq Ft 375000.00

    Property Features

    Commercial Type Agricultural Current Zoning C Development Status Recorded Plat Present Use Zoned Commercial Square Foot Source Tax Roll Type Potential Use BusinessCommercialIndustrial/WarehouseInvestmentMini WarehouseOffice Use Of Adjacent Area Industrial Utilities Sewer - PublicWater - Public

    Listing courtesy of Century 21 Saltwater Property Group.


    © 2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Keller Williams Realty Atlantic Partners are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2019-10-15T16:25:02.15.

    Digital Millennium Copyright Act
     
    Keller Williams Realty Atlantic Partners
    100 Southpark Blvd., Suite 201
    St. Augustine FL, 32086