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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. Also included in the sale is a 2/1 Single Family home at 101 Gerona. Parcel ID# and 231710-0000. House size is 821 sqft. This parcel is zoned RS-3 but it is in the Comp Plan as Mixed use. Best use is to expand the office building and add additional parking.

Highlights

  • Commercial Sale
  • Office
  • 0.43 Acre Lot
  • 480 days on Market


  • Acres
    0.43


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Frequently Asked Questions

How do I schedule a tour of 2692 Us Highway 1?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2692 Us Highway 1.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2692 Us Highway 1?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,299,000. We can talk through recent upgrades, potential seller motivation, how this office compares to others in Saint Augustine, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 2692 Us Highway 1?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 2692 Us Highway 1 at around $7,666. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2692 Us Highway 1?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Saint Johns County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2692 Us Highway 1?

In most cases, yes. Whether 2692 Us Highway 1 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Saint Augustine's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2692 Us Highway 1?

We can handle that for you. Our preferred local agent specializes in commercial sales in Saint Augustine and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,299,000 with 5,896 sqft of space—that comes out to approximately $220 per square foot.

How long has this property been on the market?

2692 Us Highway 1 was listed on July 16, 2025, which means it's been on the market for 480 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

2692 Us Highway 1 sits on a 0.43-acre lot, which is 18,731 square feet.

What are the property taxes for 2692 Us Highway 1?

The most recent public record shows annual property taxes for 2692 Us Highway 1 were approximately $7,470. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 2692 Us Highway 1 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, St Augustine and St Johns County BOR. All rights reserved.

Last Updated: November 08, 2026 at 11:54AM | Source: St Augustine and St Johns County BOR | MLS#: 255203

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