St. Augustine, recognized for its deep historical roots and cultural significance, is an ideal location for CRE investing. Being the oldest European-founded city still inhabited in the contiguous United States, it merges historical significance with modern facilities, presenting a compelling environment for both businesses and investors. Situated 40 miles south of Jacksonville on the northeastern coast of Florida, St. Augustine offers convenient access to key transport routes, further establishing its role as a commercial center. The presence of educational institutions, such as Flagler College and the Florida School for the Deaf and Blind, supports a knowledgeable workforce. Its coastal location and historical features make St. Augustine a prime spot for commercial real estate, offering a range of properties to match various investment needs.
In St. Augustine's closeness to educational facilities and tourist sites like the Castillo de San Marcos increases the possibility for business success. St. Augustine also boasts a wide selection of property types. Industrial properties serve those interested in manufacturing or storage, contributing to the city’s economic diversity. Apartment buildings address the demands of an expanding population and workforce. Office spaces are strategically scattered across the city, catering to businesses big and small. Hotels benefit from the strong tourist industry, presenting attractive options for those in hospitality. The variety of commercial, residential, and hospitality properties highlights St. Augustine’s flexibility and attractiveness as a top investment location.
How many commercial real estate listings are available for sale in Saint Augustine?
There are currently 209 commercial real estate listings available for sale in Saint Augustine.
What factors should I consider when searching for commercial real estate for sale in Saint Augustine?
When searching for commercial real estate in Saint Augustine, it's essential to assess a few key aspects to ensure the property aligns with your business needs and goals.
- Consider the economic landscape of Saint Augustine, focusing on sectors that are thriving and how they might impact or benefit your business.
- Examine the proximity to key infrastructure and amenities, such as major roads, public transportation, suppliers, and potential customers.
- Assess the location and visibility of the property, ensuring it is accessible and noticeable to your target clientele, which can significantly influence foot traffic and accessibility.
How much does it cost to buy commercial real estate in Saint Augustine?
The cost of buying commercial real estate in Saint Augustine varies, based on several factors including location, size, and amenities. The average price per square foot for commercial real estate is $481, with the average size of 66,850 SF.
What is the largest commercial real estate available to buy in Saint Augustine?
The largest commercial real estate listing available in Saint Augustine spans 1,190,000 SF.
Why is Saint Augustine an ideal location for commercial real estate for sale?
Saint Augustine's status as the oldest continuously inhabited European-established settlement in the United States, combined with its rich historical significance and strategic coastal location, makes it a prime choice for the 209 commercial real estate listings available, offering a unique blend of heritage and development potential.
Size Summary For Saint Augustine Commercial Real Estate
Commercial Real Estate Size | Square Feet |
Maximum | 1,190,000 SF |
Average | 66,850 SF |
Minimum | 550 SF |
Cap Rate for Saint Augustine Commercial Real Estate
Commercial Real Estate Cap Rate | Cap Rate Percentage |
Maximum | 10.28% |
Average | 6.62% |
Minimum | 4.5% |
What is a cap rate? Prices for Saint Augustine Commercial Real Estate
Commercial Real Estate Price | Price Per SF |
Maximum | $6,061 Per SF |
Average | $481 Per SF |
Minimum | $107 Per SF |