Kari Sullivan
REALTOR® | Luxury Property Specialist
844 ANASTASIA Boulevard, St. Augustine, FL 32080
$6,350,000
$240/sq ft
Active
Pool Home
About This Home
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.
Location
Features & Amenities
Exterior Features
- Pool
- Other
- Other
- Unassigned
Property Details
Property Type:
Retail
Year Built:
1952
Lot Size:
1.46 Acres (63,597 sq ft)
Property Tax (2025):
$60,335/year
MLS #:
2160514
