Real Estate 1035 Anastasia Blvd Saint Augustine FL

Saint Augustine, FL
St. Johns County

Asking Price: Annual Revenue:
$1,799,000 Not Disclosed

Commercial Real Estate: Retail & Shopping Centers

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RE: Real Estate 1035 Anastasia Blvd Saint Augustine FL Broker: Roberta Caputo
Owner Financing is Available!

Quick Facts

Asking Price: $1,799,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 6757344
Broker Reference #: 3595

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Business Overview:

6,888 square foot commercial building, concrete block with steel I-beam roof and cedar stud construction. There is .57 acres of land with 35 parking spaces and the ability to add more.. Building is high and dry, at 16 feet above sea level. Currently used as an upscale re-sale boutique. Originally built in 1964, the subject property is located one mile from the Bridge of Lions and 1/4 mile from the famous St. Augustine Amphitheater. Perfect location for retail, restaurant, or brewery. Hospitality uses would provide the closest location to the entrance to the St. Augustine Amphitheater, ranked number 4 of the Top 50 Amphitheaters worldwide by Pollster Magazine. Annual ticket sales are in excess of 150,000. Located next door to the St. Augustine Alligator Farm and less than 1/4 mile from the St. Augustine Lighthouse. Anastasia Blvd is one of St. Augustine's up and coming commercial corridors. 23,500 cars daily as of 2018.

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Property Features and Assets:

35 parking spaces on .57 acres. Concrete block construction.

Market Competition and Expansion:

St. Augustine and St. Johns County is ranked among the fastest growing cities and counties in the state of Florida with the top rated schools in the state, an affluent, healthy population. Total population within a 5 mile radius of this property is 46,000 with 19,500 households. Average household income is $46,000.St. Augustine entertained 6,301,000 visitors in 2017, 82% of those came for vacation or leisure. 43% came from farther than 500 miles away. 63% stayed one or more nights in hotels or B&Bs. The average stay was 2.6 nights. $559, 000,000 was spent on restaurants and drinking establishments and $393,500,000 was spent on accommodations. The largest group, 26%, of visitors had household incomes of between $75,000 and $100,000. The next largest group, 24%, had incomes of between $50,000 and $75,000. 7% had incomes in excess of $200,000 or more. 92% of St. Augustine visitors dined in local restaurants. While tourism numbers have steadily increased since 1998, so have residential numbers. St. Johns County total population stands at 254,261 with six distinct population centers, St. Augustine, St. Augustine Beach, Vilano Beach, Ponte Vedra St. Johns/World Golf Village and Nocatee. Median age in the county is 43, median property value is $274,600 and county-wide median HH income is $73,640. St. Augustine is seen as the entertainment and cultural hub of the county and is recognized world-wide as the oldest, continually occupied European settlement in North America.Population of St. Johns County has grown 34 percent since 2010. Indications are the county will continue rank among the top-growing counties for years to come. There are tens of thousands of new homes approved that have not been built. And more residential developments are approved almost every month. The latest study from the University of Florida’s Population Program says that with moderate growth, this county could have 329,500 residents by 2030. It says with extreme growth, the population could be as high as 365,400 in 2030.

Reason for Selling:


Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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