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Saint Augustine Office Space for Sale
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Office Space For Sale in Saint Augustine
St. Augustine is known for its historical importance as the oldest continuously inhabited European-established settlement in the contiguous United States, making it a unique place for CRE investing. The city is located 40 miles south of downtown Jacksonville on Florida's Atlantic coast, making it appealing for businesses seeking office space. It has a strong infrastructure, benefitting from its close proximity to major transportation networks, ensuring good local and regional connections. The city also offers a solid educational system, from primary up to higher education institutions like Flagler College, and is close to universities in Jacksonville, providing access to an educated workforce. Its coastal geography enhances the city's appeal as a desirable place to live and work. Investing in office spaces in St. Augustine means tapping into its historical and cultural value as well as its strategic location, strong infrastructure, and educational opportunities.
With 56 listings of office spaces for sale, St. Augustine offers various opportunities for businesses looking to establish or grow in a city with a rich history and culture. These office spaces benefit from the city’s strong tourism sector, proximity to educational institutions, and the larger economic environment of the Jacksonville metropolitan area. The real estate market here includes commercial real estate, apartment buildings, and shopping centers, each offering different advantages depending on the business needs and investment strategies. Hotels are also a significant investment opportunity, taking advantage of the city's status as a leading tourist destination.
Learn About Office Space For Sale in Saint Augustine
How many office space listings are available for sale in Saint Augustine, FL?
There are currently 56 office space listings available for sale in Saint Augustine, FL.
What factors should I consider when searching for office space for sale in Saint Augustine?
When looking for office space for sale in Saint Augustine, it's essential to evaluate the economic landscape, assess proximity to key infrastructure, and understand the local market dynamics.
- Consider the area's economic environment, including the presence of industries and businesses that could be potential clients or partners.
- Examine the property's proximity to essential amenities and infrastructure such as highways, public transportation, and commercial centers.
How much does it cost to buy office space in Saint Augustine?
The cost to purchase office space in Saint Augustine can vary widely. The average price per square foot for office space is $589 with an average size of 148,547 SF.
What is the largest office space available to buy in Saint Augustine?
The largest office space available to buy spans 1,190,000 SF.
Why is Saint Augustine an ideal location for office space for sale?
Saint Augustine offers a unique blend of historical significance and a supportive educational environment, making it a prime location for office spaces with 56 listings currently available, an average size of 148,547 SF, and a cap rate of 6.96%.
Size Summary For Saint Augustine Office Space
| Office Space Size | Square Feet |
|---|---|
| Maximum | 1,190,000 SF |
| Average | 148,547 SF |
| Minimum | 550 SF |
Prices for Saint Augustine Office Space
| Office Space Price | Price Per SF |
|---|---|
| Maximum | $1,843 Per SF |
| Average | $589 Per SF |
| Minimum | $280 Per SF |
Cap Rate for Saint Augustine Office Space
What is a cap rate?| Office Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 8.74% |
| Average | 6.96% |
| Minimum | 5.69% |
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