3629 PACETTI Road, St. Augustine, FL 32092 (MLS# 1103156)

Overview

Description

This property is priced at its real estate value only with 2.64 acres of land & a 9,920sf fully equipped building. Downstairs is used as a PET SPA with boarding, grooming, & daycare. 2nd floor is unfinished but has conditioned air & is used for overflow boarding, overnight emergencies, training, & indoor exercise. The upstairs could be finished out for other uses. It is an established, fully staffed, operating business with real estate generating over $178,900 NOI. Revenue is much higher for 2021 (NOI about $194,000), & growth has been the highest than any other year in business. Great clientele, great revenues, & great location. Manager and staff will remain for new owner if so desired. However, Seller will consider a NNN lease back for a term of 5 years. Great 1031 exchange property.

General Property Information

Building Area Total: 10888
Building Area Source: Public Records
Year Built: 2010
Lot Size Acres: 2.64
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Directions: From I-95 take Exit 323 go West. Stay on WGV drive cross over SR-16. Property will be approximately 1.3 miles. Property is on your right beside Murabella Animal Hospital.
Public Remarks: This property is priced at its real estate value only with 2.64 acres of land & a 9,920sf fully equipped building. Downstairs is used as a PET SPA with boarding, grooming, & daycare. 2nd floor is unfinished but has conditioned air & is used for overflow boarding, overnight emergencies, training, & indoor exercise. The upstairs could be finished out for other uses. It is an established, fully staffed, operating business with real estate generating over $178,900 NOI. Revenue is much higher for 2021 (NOI about $194,000), & growth has been the highest than any other year in business. Great clientele, great revenues, & great location. Manager and staff will remain for new owner if so desired. However, Seller will consider a NNN lease back for a term of 5 years. Great 1031 exchange property.
List Price/SqFt: 188.27
Sold Price/SqFt: 165.32

Property Features

Building Features: Fenced; Pool Construction Materials: Concrete; Frame Current Use: Commercial; Office; Retail Electric: 100 Amp Service; 220 Volts Heating: Central Listing Terms: Cash; Conventional Lot Features: Irregular Lot Parking Features: Parking Lot Possession: Subject To Tenant Rights Roof: Shingle; Other Security Features: Security Lights Sewer: Public Sewer Utilities: Cable Connected; Other Water Source: Public

Contract Information

Listing Contract Date: 2021-04-05
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 3629
Street Name: PACETTI
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32092
MLS Area Major: 309-World Golf Village Area-West

Status Change Information

Major Change Timestamp: 2023-11-20T13:20:05Z
Major Change Type: Price Change
Price Change Timestamp: 2021-11-23T18:17:59Z
Purchase Contract Date: 2022-03-25
Close Date: 2022-04-20
Close Price: 1800000

Income and Expenses

Net Operating Income: 155152

More Information

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Lot Location-Suburban: Y, Possible Financing-1031 Exchange: Y, Approx. Total SqFt: 9920.00, Number of Units: 1 - 4 Units
Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: PROF SVC

Location, Tax, and Legal

Parcel Number: 0275200000

Construction Materials

Concrete: Yes
Frame: Yes

Current Use

Commercial: Yes
Office: Yes
Retail: Yes

Electric

100 Amp Service: Yes
220 Volts: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Irregular Lot: Yes

Parking Features

Parking Lot: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes
Other: Yes

Security Features

Security Lights: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Connected: Yes
Other: Yes

Water Source

Public: Yes

Building Features

Fenced: Yes
Pool: Yes