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Commercial Retail / Office Space located at 4425 US Highway 1 South, Unit 101 in the St. Augustine Shores area. This highly visible commercial office condo is the North corner unit within Ancient City Plaza, a well-established commercial shopping center along busy US-1. This end unit benefits from exceptional exposure, additional side windows, convenient front and rear access and a shared common parking lot providing ample parking for owners, employees, and customers. Surrounded by established businesses, services, restaurants, and supermarkets serving both the local community and daily pass-through traffic, the location offers excellent potential for a wide variety of commercial uses. Built in 2004, the 1, 876-square-foot unit is a one-story concrete-on-slab structure with a steel roof, offering durability and low maintenance. The exterior features front display windows and an entry door with canopy shade coverage, creating an attractive storefront presence along the plaza frontage. The property is currently utilized for retail use; however, only the real estate is being offered for sale, and the business does not convey. The interior is fully insulated and air-conditioned with high ceilings throughout and offers a flexible layout suitable for retail, office, service, or creative workspace uses. The space includes a front retail/office area, a fully enclosed private office, a workshop area, a rear storage/IT room, a small kitchenette, and a full bathroom with shower, allowing for comfortable day-to-day operations and multiple business configurations. There are two rear doors for additional access and flexibility. The property is zoned PUD, permitting a broad range of uses including retail, service providers, and office uses adding flexibility and long-term potential for owner-users or investors. There are two POA associations with monthly dues associated with the property that cover structural features and the exterior of the property for ease of maintenance and shared costs. With its strategic US-1 location, strong visibility, versatile layout, and well-maintained condition, this property presents an outstanding opportunity to establish or expand a business in the growing St. Augustine market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $519,200 | $519,200 | $519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $275 | $275 | $275 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,110 | $3,239 | $4,277 |
| Total Monthly Payment | $3,477 | $3,606 | $4,644 |
* 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.