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654 Market St

3,916 SF Flex Building St Augustine, FL 32095 $849,000 ($217/SF)

Investment Highlights

  • Located in Palencia, a beautiful master planned golf course community.
  • With 3 unique spaces, there is a lot of flexibility for living, renting and working.
  • Enjoy access to so much this premier community has to offer while leaving your car at home. Or take your golf cart.

Executive Summary

Acquire a diversified real estate portfolio with one purchase in desirable St. Augustine, Florida! This commercial-grade concrete and steel building with high elevation combines a townhome, a loft apartment, and a professional space. Differentiated from the other 21 Crosswind properties, this highly desired end unit boasts a gas range, spray foam insulation, travertine tile bathrooms, and 10 additional west-facing windows. The freshly painted and carpeted townhome features 2 oversized en suite bedrooms, each with large walk-in closets and balconies. Leave your car in the garage and enjoy the convenience of walking to the pool, tennis courts, golf course, fitness center, clubhouse, barber, salon, dog groomer, or even to your very own tenant for a charcuterie board—all right outside your front door! Plus, Publix and Starbucks are just a bike ride away in this safe and secure neighborhood. Live in the townhome and enjoy two income streams from the studio and the commercial space, or use the studio as an in-law suite or for your own office.

Taxes & Operating Expenses (Actual - 2024)

Annual Annual Per SF
Taxes $8,341 $2.13
Operating Expenses $17,270 $4.41

Taxes & Operating Expenses (Actual - 2024)

Taxes
Annual $8,341
Annual Per SF $2.13
Operating Expenses
Annual $17,270
Annual Per SF $4.41
Total Expenses
Annual $25,611
Annual Per SF $6.54

Property Facts

Price $849,000
Price Per SF $217
Sale Type Owner User
Property Type
Flex
  • General Retail Storefront Retail/Residential
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class A
Lot Size 0.06 AC
Rentable Building Area 3,916 SF
No. Stories 3
Year Built 2014

Amenities

  • Courtyard
  • Fenced Lot
  • Fitness Center
  • Air Conditioning
  • Balcony
  • Fiber Optic Internet
  • Smoke Detector
  • Listing ID: 34387228

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 654 Market St, St Augustine, FL 32095

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