844 ANASTASIA Boulevard, St. Augustine, FL 32080 (MLS# 2160514)

844 ANASTASIA Boulevard, St. Augustine, FL 32080

$6,350,000

Property Type: Commercial Sale Square Footage: 26,485 Lot Size (sq. ft.): 63,598 Status: Active

Current Price: $6,350,000 List Date: 8/17/2026 Last Modified: 10/20/2026

Overview

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.

Listing Details MLS# 2160514

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: Yes
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

Property Features

Current Use: Commercial; Retail Lot Features: Other Parking Features: Unassigned; Other Sale Includes: Building Only

Contract Information

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

Status Change Information

Major Change Timestamp: 2026-10-20T18:23:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-20T18:23:48Z

More Information

Listing Office: COLDWELL BANKER PREMIER PROPERTIES

Last Updated: October - 20 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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