The Gerona Building

Highlights

• Flexible Space Configurations: The building is designed with 20 individual offices that can be combined to accommodate varying tenant needs, maximizing rental income potential.
• Shared Amenities: Common restroom facilities reduce overhead costs and provide tenants with essential amenities while keeping maintenance simple.
• High Exposure Location: The property’s prime positioning on US-1 ensures excellent visibility and accessibility, attracting a steady stream of potential tenants.
• Diversified Tenant Base: The mix of small office spaces is ideal for attracting a broad range of tenants, including solo entrepreneurs, small businesses, and temporary workers, ensuring consistent occupancy.
• Short-Term Rental Potential: The building is also well-suited for short-term leases, providing flexibility to capture premium rents from businesses with transient space needs, such as remote workers or seasonal tenants.
• Strong Income Potential: With low operational costs and flexible leasing options, this property offers a high return on investment by catering to a diverse tenant pool while minimizing vacancy risk.

Description

Prime Investment Opportunity – Multi-Tenant Office Building with Strong Income Potential
Located on high-traffic US-1 in St. Augustine, FL, this two-story office building presents a unique opportunity for investors seeking consistent cash flow and long-term value. With 20 individual office units, each suitable for single or multi-person occupancy, this property offers a versatile layout that can be easily customized to meet tenant demand. Purchase includes the neighboring house at 101 Gerona Street that could be rezoned to allow additional commercial use or expansion.

This office building is an excellent addition to any investment portfolio, combining strong location, flexible rental options, and the potential for steady income growth. Don't miss the chance to invest in a property with substantial upside and minimal overhead.

Located on US-1 South

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