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Saint Augustine Retail Space for Sale
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Retail Space For Sale in Saint Augustine
St. Augustine, known as the oldest continuously inhabited European-established settlement in the United States, is a notable place for investing in commercial real estate, especially in the retail market. Its location on the northeastern coast of Florida, its historical importance, and its solid infrastructure, which includes reputable educational institutions like Flagler College and close proximity to larger cities such as Jacksonville, make it an ideal location for retail businesses. The city attracts both local residents and tourists to landmarks like the Castillo de San Marcos, which strengthens the customer base for retail businesses. Furthermore, St. Augustine's extensive educational system provides a knowledgeable workforce for these companies.
Retail Space For Sale in St. Augustine takes advantage of the city's historical background and appeal to tourists, offering businesses the chance to succeed in a place with high visitor numbers. Investors and business owners can select from a range of options located in areas popular with both locals and tourists. St. Augustine also has other profitable commercial properties, like shopping centers that act as retail hubs, restaurants that make the most of the city's coastal views and history to offer appealing dining options, office spaces that are suitable for both new and established companies due to the city’s connectivity, and hotels that benefit from the strong tourism sector. All these property types highlight St. Augustine’s potential as a diverse and appealing market for commercial investments.
Learn About Retail Space For Sale in Saint Augustine
How many retail space listings are available for sale in Saint Augustine, FL?
There are currently 68 retail space listings available for sale in Saint Augustine, FL.
What factors should I consider when searching for retail space for sale in Saint Augustine, FL?
When considering retail space for sale in Saint Augustine, FL, it's crucial to assess the area's economic environment, the property's location and visibility, and the local market competition.
- Examine the economic landscape of Saint Augustine to understand consumer spending behavior and economic stability.
- Consider the proximity to key infrastructure such as major roads, and amenities like shopping centers and restaurants, which can influence foot traffic.
How much does it cost to buy retail space in Saint Augustine?
The cost to buy retail space in Saint Augustine varies, reflecting the diverse market and property options available. The average price per square foot is $952, with an average size of 5,493 SF.
What is the largest retail space available to buy in Saint Augustine?
The largest retail space currently available to buy spans 103,500 SF.
Why is Saint Augustine an ideal location for retail space for sale?
With its status as the oldest continuously inhabited European-established settlement in the United States and a strategic coastal location attracting tourists, Saint Augustine offers 68 retail space listings, providing unique opportunities for business owners to connect with a diverse and historic community.
Size Summary For Saint Augustine Retail Space
| Retail Space Size | Square Feet |
|---|---|
| Maximum | 103,500 SF |
| Average | 5,493 SF |
| Minimum | 550 SF |
Cap Rate for Saint Augustine Retail Space
What is a cap rate?
| Retail Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 10.85% |
| Average | 6.26% |
| Minimum | 4.25% |
Prices for Saint Augustine Retail Space
| Retail Space Price | Price Per SF |
|---|---|
| Maximum | $4,171 Per SF |
| Average | $952 Per SF |
| Minimum | $182 Per SF |
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