$6,350,000
St. Augustine, FL 32080
MLS# 2160514
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Property Description
Lighthouse Plaza is a fully leased, 16-unit retail center totaling 26,485 SF on 1.46 acres along Anastasia Boulevard (SR A1A), St. Augustine's main corridor between historic downtown and the beaches, a few hundred feet from the St. Augustine Lighthouse and the Alligator Farm. The center is 100% leased (16 of 16 suites) to established local operators on predominantly NNN leases with 3% annual increases. Offered at $6,350,000, a 7.0% cap rate on pro forma NOI of $444,530 (approximately $240/SF), with an average base rent of $16.78/SF. Recent improvements include roof, facade, storefront and electrical work. The sale includes an additional lot on Palmetto Avenue at the rear of the center, currently used for overflow parking.
Details
Maps
Contract Information
Current Price: $6,350,000
List Price: $6,350,000
Status: Active
Listing Contract Date: 2026-08-17
Property Sub Type: Retail
Location Tax and Legal
Street Number: 844
Street Name: ANASTASIA
Street Suffix: Boulevard
County: St. Johns
State: FL
Postal Code: 32080
MLS Area Major: 323-Davis Shores
General Property Information
Building Area Total: 26485
Building Area Source: Measured
Year Built: 1952
Lot Size Acres: 1.46
Land Lease YN: No
Waterfront YN: No
Stories Total: 1
Senior Community YN: No
Directions: One of St. Augustine's most traveled commercial corridors connecting downtown to the beaches.
Public Remarks: Lighthouse Plaza is a fully leased, 16-unit retail center totaling 26,485 SF on 1.46 acres along Anastasia Boulevard (SR A1A), St. Augustine's main corridor between historic downtown and the beaches, a few hundred feet from the St. Augustine Lighthouse and the Alligator Farm. The center is 100% leased (16 of 16 suites) to established local operators on predominantly NNN leases with 3% annual increases. Offered at $6,350,000, a 7.0% cap rate on pro forma NOI of $444,530 (approximately $240/SF), with an average base rent of $16.78/SF. Recent improvements include roof, facade, storefront and electrical work. The sale includes an additional lot on Palmetto Avenue at the rear of the center, currently used for overflow parking.
List Price/SqFt: 239.76
Status Change Information
Major Change Timestamp: 2026-10-20T18:23:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-20T18:23:48Z
Property Features
Current Use: Commercial; Retail
Lot Features: Other
Parking Features: Unassigned; Other
Sale Includes: Building Only
Listing Office: COLDWELL BANKER PREMIER PROPERTIES
Last Updated: October - 20 - 2026
Information deemed reliable but not guaranteed.