Commercial Sale · Business
42 PALMER NORTH LOTS 4 & 6 STREET, ST AUGUSTINE, FL, 32084
Active5 days on marketListed Sep 15, 2026MLS #FC321470
About this property
The property at a glance
Turnkey commercial office and garage opportunity near St. Augustine’s evolving West King Street corridor. Offered separately as Lots 4 and 6, this north portion of 42 Palmer Street includes two finished, climate-controlled office suites, an attached garage bay and direct access from Palmer Street. Each office has its own private half bathroom with a toilet, sink, updated plumbing fixtures and on-demand hot water. Individual mini-split systems provide heating and air conditioning, while new flooring, fresh interior paint and shiplap accents create a clean, professional working environment. The attached garage offers convenient storage or service space and features insulation, a durable coated floor, an updated roll-up-style door and a new window air-conditioning unit. Extensive improvements include a new roof, windows, exterior doors, underground water, sewer and electrical utilities, fresh exterior paint, updated landscaping, brick pavers, decorative rock, enhanced parking and an updated irrigation system connected to public water. Electrical service has been partially updated and brought to code to support the existing buildings. The property is also wired for exterior lighting, an electric gate and keypad-controlled access. Located in Flood Zone X with city water and CL-1 commercial zoning, the property may be an excellent central home base for professional offices, designers, service providers or office-forward trades needing administrative workspace with accessory garage storage. The surrounding West City area is the focus of a 30-year redevelopment initiative promoting economic growth, locally oriented businesses, beautification, mobility and infrastructure improvements. The City also reports that a new parking garage at West King Street and US-1, near the Broudy’s Lot, is currently in design. All proposed business and storage uses are subject to confirmation with the City of St. Augustine, CL-1 zoning requirements and applicable permitting.
429
Building sq ft
$1,317
Price / sq ft
0.1
Lot acres
1935
Year built
1
Building
Business
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$2,890/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Moe to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
854
Population
$97,125
Median income
44
Median age
3
Avg household
$736,000
Median home value
$1,444/mo
Median rent
107
Households w/ kids
Consumer profile
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
Asian culture has a lot to offer, but the Asian cuisine tends to be the most frequently referenced. This population is talking about Asian dishes, holidays, and drinks.
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Recent sales
What actually sold near 42 PALMER NORTH LOTS 4 & 6 STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$50,000
000 XXXX
Sold Nov 17, 2025
$60,000
106 ST. GEORGE STREET
600 sqft · $100/sqft · Sold Aug 17, 2026
$38,475
1301 PLANTATION ISLAND DRIVE S UNIT 206A
2,025 sqft · $19/sqft · Sold Dec 18, 2024
Your team
The pros in your corner
Your agent
Moe Thouk Oo
Licensed Realtor® · CENTURY 21 Edge
Tours, offers, and every question about 42 PALMER NORTH LOTS 4 & 6 STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 42 PALMER NORTH LOTS 4 & 6 STREET.
See it in person
Schedule a tour
Live availability from Moe's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of ONE SOTHEBYS INTERNATIONAL · Elizabeth Kelly. MLS #FC321470.
IDX information is 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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