241 RIBERIA Street
About This Property
Lincolnville is in the heart of Saint Augustine with all that this incredible city has to offer but its tucked away on quiet residential streets chocked full of its own historical buildings and lore. Both lots are presently zoned for single or multi family usage and a commercial exception is also a possibility.
From this address you are within walking distance of some incredible eateries and libation destinations as well as all of the historical sites Saint Augustine is known for. A 10 minute drive over The Bridge of Lions will have you enjoying miles of beautiful beaches and more fabulous eateries, shopping and yes outstanding year round local establishments that know how to serve up a great time! If you are thinking of building your dream home please do yourself a favor and come a have a good hard look at this large double lot!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 18, 2023 | Sold | ||
| Sold | |||
| Apr 16, 2023 | Listed by COLDWELL BANKER PREMIER PROPERTIES | $299,000 | |
| Listed by COLDWELL BANKER PREMIER PROPERTIES | |||
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Welcome to the heart of historic Lincolnville, where you can build your dream home or vacation rental on this beautiful buildable lot. Zoned RG-1, this lot is perfect for a single-family home or a multi-unit rental property if combined with neighboring lot, that is for sale. With nightly rentals allowed, you can take advantage of the high demand for vacation rentals in St. Augustine and generate significant income. Imagine waking up to beautiful marsh views from the second floor or higher, and enjoying the tranquility of this charming neighborhood. Located just a short walk or bike ride from downtown St. Augustine, this lot is close to a variety of restaurants, cafes, and boutique shops, as well as the city's famous historic attractions. Whether you're looking to build a permanent residence or a vacation rental property, this lot is the perfect location for you. Don't miss out on this rare opportunity to own a piece of historic Lincolnville and build the home or rental property of your dreams. LOT 241 Riberia St is approximately 40'x138'. LOT 243 Riberia St is approximately 20'x136' and buildable per the City of St Augustine Planning and Zoning and these lots can be combined. Lots are being sold separately.
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| Feb 3, 2022 | Listed by COLDWELL BANKER VANGUARD REALTY | $550,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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About Lincolnville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017