A rare opportunity in St. Augustine’s Historic District, this fully renovated CM2 zoned property features four income producing units, exceptional parking capacity, and full approval for nightly rentals. Located within walking distance to historic sites, top restaurants, and even the area’s beaches, this address offers unmatched convenience for guests and consistently strong demand year round. The property consists of four units, including three 1 bedroom 1 bath units and one 2 bedroom 2 bath unit. Each space is thoughtfully updated, tastefully decorated, and available fully furnished, making the entire property turnkey and ready for both long term and short term rental operations. Based on current long term rental rates, the combined potential annual income is approximately 94,200 dollars, offering a strong return in one of Florida’s most visited destinations. The CM2 zoning also opens the door for larger scale redevelopment. The parcel can be broken down and built out as a hotel or hospitality concept, giving investors a rare chance to create a purpose built lodging asset in a district where new development is extremely limited. The location alone is worth the asking price, offering visibility, walkability, and long term value that is difficult to replicate anywhere else in the Historic District. Situated on a generous commercial parcel, the property provides parking for up to 10 vehicles, a premium advantage in the Historic District and a major draw for travelers. The zoning also supports mixed use ideas or future expansion. Whether you are expanding a short term rental portfolio or securing a fully renovated, ready to operate hospitality asset in a prime location, this property delivers the zoning, income potential, and walkability that rarely come to market in St. Augustine.
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