About 554 Market Street
The Gideon Development, LLC portfolio was established in 2012 and has matured to be a clean, very stable and diversified asset. By assuming the entire business structure you would benefit from retaining the current property tax basis. Palencia in St. Johns County in St. Augustine is an upscale community that attracts great tenants. If managed well, at current pace then one should be able to project 3-4% yearly increase in revenue and long-term leases are positioned as such.
Features of 554 Market Street
| MLS® # | 2106657 |
|---|---|
| Price | $4,500,000 |
| Square Footage | 15,660 |
| Acres | 1.00 |
| Year Built | 2007 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 554 Market Street |
|---|---|
| Area | 312-Palencia Area |
| City | St. Augustine |
| County | St. Johns |
| State | FL |
| Zip Code | 32095 |
Amenities
| Parking | Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
Exterior
| Lot Description | On Golf Course |
|---|
Additional Information
| Date Listed | September 1st, 2025 |
|---|---|
| Days on Market | 44 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | EXIT MAGNOLIA POINT REALTY |
|---|