Investment Opportunity in St Johns County, FL

Discover a unique opportunity to acquire a 1.63-acre industrial property in the thriving city of St. Augustine. Strategically located at 2475 Dobbs Rd, this income-producing asset features a multi-building complex with established tenants and exceptional growth potential.

Property Highlights:

• Lease Terms: Secured 7-year NNN lease at $14,000 per month, generating an annual net operating income of $168,000.
• Tenant: Established tenant has been on-site for over 11 years. Successful collision and classic car restoration business with a strong reputation in the market.
• Buildings: Over 6,600 SF across three structures, including a state-of-the-art paint booth, a detail shop, and ample space for operations.
• Lot Size: Spacious, fully fenced property with room for expansion or additional income opportunities.
• Zoning: Industrial, offering flexibility for various uses and future development.

Location Advantages:

• Situated in a bustling industrial corridor with easy access to I-95 and CR 210.
• Located in St. Johns County, one of Florida’s fastest-growing areas, with significant population and economic growth.
• Proximity to Jacksonville and its deep-water port connects the property to regional and international markets.

Investment Summary:

• Price: $1,990,000.00
• Cap Rate: 8.4%
• Financing: Owner willing to finance 50%
• Parcel ID: 101760 0080

Whether you’re looking for a stable income stream or a strategic addition to your investment portfolio, this property offers exceptional value and long-term potential. Contact us today to schedule a showing.