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Located at 2350 N Ponce De Leon Blvd in St. Augustine, this highly visible commercial property sits along US-1 / Ponce de Leon Boulevard, one of the primary corridors leading directly into the heart of the city and its historic district. With approximately 125 feet of frontage on US-1, the property benefits from exceptional traffic counts and outstanding exposure. The corner location at Center Street provides additional frontage and visibility along a well-traveled thoroughfare, while the rear of the property extends to Grant Street, offering additional access and parking. The 0. 6-acre parcel (26, 136 sq ft) is zoned CM-2, allowing for a variety of commercial uses. The property currently houses First Coast Tire and BP Inc. and includes a well-established auto service shop built in 1986, totaling 6, 716 square feet. The shop features eight drive-in service bays (4 w/ full lifts & 1 w/ half rack) and approximately 1, 012 square feet of air-conditioned space, which includes two office areas, a reception desk, and a customer seating area. The building includes four restrooms—two for customers and two for employees, including one with a full shower. While the auto shop is primarily a one-story frame structure, two second-floor storage areas are located above the office portion on one end of the building as well as on the opposite end of the building for added space. The service facility can be accessed through the gas station area or directly from the Center Street entrance, which leads to ample customer parking and the main entrance to the shop. Positioned at the front of the property is the gas station and mini mart, which were constructed in 2002. The 780-square-foot convenience store includes Fuel pumps on both sides of the mini mart, allowing efficient traffic flow and easy fueling access from the busy US-1 frontage. The site was upgraded with new underground fuel tanks installed in 2008, featuring a dual-compartment fuel tank system. Additional system details are available in the attached permits. The rear access from Grant Street provides added operational flexibility and additional parking, further enhancing the functionality of the property. The sale includes the auto repair business, business assets, real property, existing lease of the convenience store which is month to month, offering a turnkey opportunity in one of St. Augustine’s busiest commercial corridors. Toolboxes, personal items, and computers are excluded from the sale. With its prime location, strong visibility, and established operations, this property represents a rare opportunity for investors or operators seeking a high-profile commercial presence along US-1. Whether you are looking for turnkey solutions or the perfect location with frontage for redevelopment, the possibilities here are endless.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,574,320 | $2,574,320 | $2,574,320 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.259% | 6.223% |
| Monthly Tax Payment | $1,116 | $1,116 | $1,116 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,023 | $15,642 | $21,724 |
| Total Monthly Payment | $16,264 | $16,883 | $22,965 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.