FL > St. Augustine
St. Augustine, FL 32095,554 MARKET ST
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Stephanie Morales

Stephanie Morales

The Realty Experience

+1(407) 399-2055
$4,500,000
Est. payment /mo
15,660 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 15,660 sqft

Price per Sqft $287

MLS Listing ID 2106657

Year Built 2007

Annual Tax Amount $11,218

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Business

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

The Gideon Development, LLC portfolio was established in 2012 and has matured to be a clean, very stable and diversified asset. By assuming the entire business
structure you would benefit from retaining the current property tax basis.

Palencia in St. Johns County in
St. Augustine is an upscale community that attracts great tenants. If managed well, at current pace then one should be
able to project 3-4% yearly increase in revenue and long-term leases are positioned as such.

Location

State FL

County St. Johns

Area 312-Palencia Area

Direction Interstate 95 to International Golf Parkway East to US 1 to Palencia Drive to Market Street

Exterior

Parking Features Garage

Private Pool No

Building

Lot Description On Golf Course

Story 3

Level or Stories 3

Others

Tax ID 0720950190

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Listed by EXIT MAGNOLIA POINT REALTY • DOUGLAS SENECAL

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Stephanie Morales

+1(407) 399-2055

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