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Saint Augustine Apartment Buildings for Sale
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Apartment Buildings For Sale in Saint Augustine
St. Augustine, known as the oldest continuously inhabited European-established settlement in the contiguous United States, offers a significant opportunity for investors and entrepreneurs focusing on commercial real estate investing. The presence of educational institutions from primary to higher education, including Flagler College and St. Johns River State College, boosts its attractiveness as a residential area. Its location, providing easy access to Atlantic beaches and the larger city of Jacksonville, enhances the potential for apartment building investments. St. Augustine combines historical significance with modern convenience, attracting both tourists and long-term residents.
Apartment buildings for sale in St. Augustine benefit from the city's historical significance and geographical location. These properties are close to key educational institutions, retail spaces, and essential infrastructure, making the area attractive to potential residents. Shopping centers throughout the area offer a range of shopping and dining choices, meeting the community's varied needs. Residential income homes are also part of the real estate market, offering investment opportunities for those looking to cater to families and individuals drawn to the city's historical background. Office spaces are available for professionals and businesses seeking to establish in a location that combines historical importance with modern amenities.
Learn About Apartment Buildings For Sale in Saint Augustine
How many apartment buildings listings are available for sale in Saint Augustine?
Currently, there are 7 apartment buildings listings available for sale in Saint Augustine.
What factors should I consider when searching for apartment buildings for sale in Saint Augustine, FL?
When looking for apartment buildings for sale in Saint Augustine, FL, it's important to examine specific aspects that can influence your investment, such as the local economic environment, the property's access to essential infrastructure, and the competitive landscape of the market.
- Consider the economic landscape of Saint Augustine, including the presence of educational institutions like Flagler College and its effect on rental demand.
- Evaluate the property's proximity to key amenities and infrastructure, such as tourist attractions that draw consistent visitors to the area.
How much does it cost to buy an apartment building in Saint Augustine?
The cost of buying an apartment building in Saint Augustine varies, with current market listings providing a range of options. The average price per square foot is $418, with an average size of 5,655 SF
What is the largest apartment building available to buy in Saint Augustine?
The largest apartment building available to buy in Saint Augustine spans 9,064 SF.
Size Summary For Saint Augustine Apartment Buildings
| Apartment Building Size | Square Feet |
|---|---|
| Maximum | 9,064 SF |
| Average | 5,655 SF |
| Minimum | 3,543 SF |
Cap Rate for Saint Augustine Apartment Buildings
What is a cap rate?
| Apartment Building Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 7.42% |
| Average | 6.66% |
| Minimum | 5.26% |
Prices for Saint Augustine Apartment Buildings
| Apartment Building Price | Price Per SF |
|---|---|
| Maximum | $640 Per SF |
| Average | $418 Per SF |
| Minimum | $243 Per SF |
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