3629 PACETTI Road, St. Augustine, FL 32092

$1,800,000

3629 PACETTI Road
St. Augustine, FL 32092
MLS# 1103156
Status: Closed

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Property Description
This property is priced at its real estate value only with 2.64 acres of land & a 9,920sf fully equipped building. Downstairs is used as a PET SPA with boarding, grooming, & daycare. 2nd floor is unfinished but has conditioned air & is used for overflow boarding, overnight emergencies, training, & indoor exercise. The upstairs could be finished out for other uses. It is an established, fully staffed, operating business with real estate generating over $178,900 NOI. Revenue is much higher for 2021 (NOI about $194,000), & growth has been the highest than any other year in business. Great clientele, great revenues, & great location. Manager and staff will remain for new owner if so desired. However, Seller will consider a NNN lease back for a term of 5 years. Great 1031 exchange property.

Details

Maps

Documents

Contract Information

Current Price: $1,800,000

Sold Price: $1,800,000

Status: Closed

Listing Contract Date: 2021-04-05

Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 3629

Street Name: PACETTI

Street Suffix: Road

County: St. Johns

State: FL

Postal Code: 32092

MLS Area Major: 309-World Golf Village Area-West

General Property Information

Building Area Total: 10888

Building Area Source: Public Records

Year Built: 2010

Lot Size Acres: 2.64

Water Body Access YN: No

Waterfront YN: No

Stories Total: 2

Directions: From I-95 take Exit 323 go West. Stay on WGV drive cross over SR-16. Property will be approximately 1.3 miles. Property is on your right beside Murabella Animal Hospital.

Public Remarks: This property is priced at its real estate value only with 2.64 acres of land & a 9,920sf fully equipped building. Downstairs is used as a PET SPA with boarding, grooming, & daycare. 2nd floor is unfinished but has conditioned air & is used for overflow boarding, overnight emergencies, training, & indoor exercise. The upstairs could be finished out for other uses. It is an established, fully staffed, operating business with real estate generating over $178,900 NOI. Revenue is much higher for 2021 (NOI about $194,000), & growth has been the highest than any other year in business. Great clientele, great revenues, & great location. Manager and staff will remain for new owner if so desired. However, Seller will consider a NNN lease back for a term of 5 years. Great 1031 exchange property.

List Price/SqFt: 188.27

Sold Price/SqFt: 165.32

Status Change Information

Major Change Timestamp: 2023-11-20T13:20:05Z

Major Change Type: Price Change

Price Change Timestamp: 2021-11-23T18:17:59Z

Purchase Contract Date: 2022-03-25

Close Date: 2022-04-20

Close Price: 1800000

Income and Expenses

Net Operating Income: 155152

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Lot Location-Suburban: Y, Possible Financing-1031 Exchange: Y, Approx. Total SqFt: 9920.00, Number of Units: 1 - 4 Units

Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings

Public Historical Remarks 3: Current Zoning: PROF SVC

Property Features

Building Features: Fenced; Pool

Construction Materials: Concrete; Frame

Current Use: Commercial; Office; Retail

Electric: 100 Amp Service; 220 Volts

Heating: Central

Listing Terms: Cash; Conventional

Lot Features: Irregular Lot

Parking Features: Parking Lot

Possession: Subject To Tenant Rights