Established Tire Center & Service Station | 2350 N Ponce De Leon Blvd
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Established Tire Center & Service Station 2350 N Ponce De Leon Blvd
7,496 SF Retail Building Saint Augustine, FL 32084 $3,825,000 ($510/SF) 10.28% Cap Rate
Investment Highlights
- Prime Location Situated at a Major Gateway to St. Augustine
- The Versatile Site Includes 8 service bays, Fuel Pumps, and Prominent Signage
- No Fuel Service Agreement & Clean Phase I Offer Value-Add to Efficient Service Station Operators
- Inherit the Trust and Profitability of First Coast Tire & Service Center, Known for Quality Auto Repairs, Tire Services, and more
- All Business Assets and Real Estate Included in Sale
- All Reasonable Terms and Offers Considered. Brokers Protected.
Executive Summary
Unlock Unmatched Potential in St. Augustine
This prime property at 2350 N Ponce De Leon Blvd offers an extraordinary opportunity to own a well-established Shell Station, convenience store, and service center, including the successful First Coast Tire & Service Center. Located at one of St. Augustine’s busiest entrances, this property combines high visibility with a strong, loyal customer base.
Exceptional Location with Proven Success
This property boasts an extraordinary location at one of the busiest entrances to St. Augustine, making it ideal for a thriving business. With years of success, the site includes two buildings featuring four service bays, fuel pumps, and signage. The facilities are well-equipped with exhaust fans, 14’-16’ ceiling heights, and 3-phase power, providing a ready-to-use setup for continued automotive services or other ventures.
Real Estate & Business Opportunity
This sale includes the prime real estate and all business assets, including a thriving tire center and a well-established service station. The tire center has consistently generated strong sales, underscoring its solid market presence. The service station complements the service center by selling approximately 45,000 to 50,000 gallons of fuel per month, plus generating additional revenue streams through the convenience store, lottery sales, and ATM transactions. This comprehensive package offers an immediate opportunity for continued profitability and growth.
Tremendous Value-Add Opportunity
This property offers a solid return on investment and significant potential for growth. A buyer who implements efficient management of the tire center and capitalizes on synergies with the existing service stations can unlock substantial additional value. By optimizing operations and leveraging the high-traffic location, there’s an opportunity to enhance profitability and drive the business to new heights, making this an ideal acquisition for investors looking to maximize returns.
Redevelopment Potential
This site offers tremendous redevelopment potential under its current liberal zoning. The high-traffic location and versatile CM-2 zoning allow for alternate uses, such as a car wash, self-storage facility, or other commercial ventures. The property’s flexibility makes it an attractive option for adaptive reuse, allowing investors to capitalize on the bustling area and maximize the site’s value.
Zoning Insights
The Commercial Medium-Two (CM-2) zoning in St. Augustine, Florida, supports various commercial activities while maintaining compatibility with nearby residential and historic areas. Under CM-2 zoning, the following uses are generally permitted:
Retail and Service Establishments: This includes shops, restaurants, and service-oriented businesses such as banks, salons, self-storage, and repair shops.
Office Spaces: This zoning classification allows professional offices, including those for legal, medical, cannabis, or financial services.
Lodging: Hotels, motels, and other forms of temporary lodging are permissible, provided they meet the necessary development standards.
Automotive Services: This zoning supports businesses related to automotive services, such as gas stations, repair shops, and car wash facilities, making it suitable for any auto-related business.
Mixed-Use Developments: CM-2 zoning often allows for mixed-use developments, combining residential units with commercial spaces, offering flexibility for future redevelopment.
Endless Possibilities
Whether you wish to continue the successful business or explore new opportunities for redevelopment, this location is poised for growth. This property is a gateway to success in St. Augustine’s vibrant market.
THE GROSS SALES FIGURES AND NOI INDICATED ONLY REPRESENT OPERATIONS OF THE TIRE CENTER. The operator of the Shell station pays nominal rent, but will vacate upon any sale and turn over all operations and assets to a new buyer.
Contact us today to schedule a private showing and explore the potential of this extraordinary property!
Please respect owners and employees and avoid unannounced tours.
All reasonable terms and offers considered. Brokers Protected.
This prime property at 2350 N Ponce De Leon Blvd offers an extraordinary opportunity to own a well-established Shell Station, convenience store, and service center, including the successful First Coast Tire & Service Center. Located at one of St. Augustine’s busiest entrances, this property combines high visibility with a strong, loyal customer base.
Exceptional Location with Proven Success
This property boasts an extraordinary location at one of the busiest entrances to St. Augustine, making it ideal for a thriving business. With years of success, the site includes two buildings featuring four service bays, fuel pumps, and signage. The facilities are well-equipped with exhaust fans, 14’-16’ ceiling heights, and 3-phase power, providing a ready-to-use setup for continued automotive services or other ventures.
Real Estate & Business Opportunity
This sale includes the prime real estate and all business assets, including a thriving tire center and a well-established service station. The tire center has consistently generated strong sales, underscoring its solid market presence. The service station complements the service center by selling approximately 45,000 to 50,000 gallons of fuel per month, plus generating additional revenue streams through the convenience store, lottery sales, and ATM transactions. This comprehensive package offers an immediate opportunity for continued profitability and growth.
Tremendous Value-Add Opportunity
This property offers a solid return on investment and significant potential for growth. A buyer who implements efficient management of the tire center and capitalizes on synergies with the existing service stations can unlock substantial additional value. By optimizing operations and leveraging the high-traffic location, there’s an opportunity to enhance profitability and drive the business to new heights, making this an ideal acquisition for investors looking to maximize returns.
Redevelopment Potential
This site offers tremendous redevelopment potential under its current liberal zoning. The high-traffic location and versatile CM-2 zoning allow for alternate uses, such as a car wash, self-storage facility, or other commercial ventures. The property’s flexibility makes it an attractive option for adaptive reuse, allowing investors to capitalize on the bustling area and maximize the site’s value.
Zoning Insights
The Commercial Medium-Two (CM-2) zoning in St. Augustine, Florida, supports various commercial activities while maintaining compatibility with nearby residential and historic areas. Under CM-2 zoning, the following uses are generally permitted:
Retail and Service Establishments: This includes shops, restaurants, and service-oriented businesses such as banks, salons, self-storage, and repair shops.
Office Spaces: This zoning classification allows professional offices, including those for legal, medical, cannabis, or financial services.
Lodging: Hotels, motels, and other forms of temporary lodging are permissible, provided they meet the necessary development standards.
Automotive Services: This zoning supports businesses related to automotive services, such as gas stations, repair shops, and car wash facilities, making it suitable for any auto-related business.
Mixed-Use Developments: CM-2 zoning often allows for mixed-use developments, combining residential units with commercial spaces, offering flexibility for future redevelopment.
Endless Possibilities
Whether you wish to continue the successful business or explore new opportunities for redevelopment, this location is poised for growth. This property is a gateway to success in St. Augustine’s vibrant market.
THE GROSS SALES FIGURES AND NOI INDICATED ONLY REPRESENT OPERATIONS OF THE TIRE CENTER. The operator of the Shell station pays nominal rent, but will vacate upon any sale and turn over all operations and assets to a new buyer.
Contact us today to schedule a private showing and explore the potential of this extraordinary property!
Please respect owners and employees and avoid unannounced tours.
All reasonable terms and offers considered. Brokers Protected.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$735,422
|
$290.68
|
| Other Income |
$42,000
|
$16.60
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$777,422
|
$307.28
|
| Taxes |
$9,021
|
$3.57
|
| Operating Expenses |
$384,124
|
$151.83
|
| Total Expenses |
$393,145
|
$155.39
|
| Net Operating Income |
$384,277
|
$151.89
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $735,422 |
| Annual Per SF | $290.68 |
| Other Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $16.60 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $777,422 |
| Annual Per SF | $307.28 |
| Taxes | |
|---|---|
| Annual | $9,021 |
| Annual Per SF | $3.57 |
| Operating Expenses | |
|---|---|
| Annual | $384,124 |
| Annual Per SF | $151.83 |
| Total Expenses | |
|---|---|
| Annual | $393,145 |
| Annual Per SF | $155.39 |
| Net Operating Income | |
|---|---|
| Annual | $384,277 |
| Annual Per SF | $151.89 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,496 SF
Building Class
B
Year Built/Renovated
1986/2018
Price
$3,825,000
Price Per SF
$510
Cap Rate
10.28%
NOI
$393,358
Tenancy
Single
Building Height
1 Story
Loading Docks
8 Exterior
Building FAR
0.29
Lot Size
0.60 AC
Zoning
SA (26-2605) - Commercial Medium-Two (CM-2)
Parking
25 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Drive Thru
- Accent Lighting
- Monument Signage
- Air Conditioning
- Smoke Detector
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 156240-0060 | Total Assessment | $479,411 |
| Land Assessment | $259,830 | Annual Taxes | $9,021 ($1.20/SF) |
| Improvements Assessment | $219,581 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
156240-0060
Land Assessment
$259,830
Improvements Assessment
$219,581
Total Assessment
$479,411
Annual Taxes
$9,021 ($1.20/SF)
Tax Year
2023
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Established Tire Center & Service Station | 2350 N Ponce De Leon Blvd
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