Rare Development Opportunity in Historic Downtown St. Augustine. Two customizable lots for development with plans for luxury townhome or apartment style living on brick paved and historic Palm Row. The existing building at 5 Palm Row to be remodeled and restored to a residential duplex. The entire parcel offers the unique possibility to combine commercial and residential endeavors. Initial townhome price of $785,000 subject to final plans. Call for build to suit options. Near visitor attractions, the St. Augustine Municipal Marina and Flagler College, the proposed upscale units could be fantastic seasonal / long-term rentals, residences for boat owners, or an upscale housing option. Easy access to beaches via AIA. This is project is subject to development contracts, final City of St. Augustine and final HARB approvals. Developer welcomes opportunities to customize the property with the buyer. Call 904-824-0302 for a tour of the existing building or for more informat Lot 1 (5 Palm Row) features 3,555 sq ft of conditioned space, currently used as office space, with plans to restore it to a residential duplex that combines charm, functionality, and luxury upgrades. The drawings are included in this listing. The duplex's unique mirrored layout consists of three levels. - The first floor has a traditional entryway at the foot of the original wooden staircase. Just off the entry, there is a proposed sitting or dining area which opens to a private screened-in porch that connects to the family room. The hall leads directly back to a modern, sunny, eat-in kitchen with a powder room. - The second floor has two well-appointed bedrooms, two full bathrooms, ample storage, a sunroom, and another screened outdoor space. - The attic level completes the intentional floor plan with space for a bright office or bedroom, an additional bath, and more storage. - Plans for one garage space per unit at 6 Palm Row. - Using a portion of the first floor as office space would be an ideal use of the mixed-use zoning. Reserve a duplex townhome for $735,000 or lease existing office space. Lot 2 (6 Palm Row) sits directly across the street from 5 Palm Row and is a vacant lot with plans for a brand-new luxury townhome. The drawings for the proposed townhome are included in this listing, with additional plans to be added upon completion. The townhome layout consists of three levels. - Carriage house-style garages on the ground level. One spot will be designated for the townhome and two for the eventual duplex at 5 Palm Row. - The second floor has an open concept living, kitchen, dining area, with a screened porch. 3 bedrooms, 3 full baths, and ample closet space make this ideal for shared living. - The attic level offers a large, privileged bedroom with a full luxury bath and walk-in closet. Complete with space for a private outdoor porch or enclosed sunroom. - With plenty of private space, this townhome would function extremely well as unique student housing, a short-term rental, or multi-generational living. Full documentation is available. Subject to final HARB and city approvals. Schedule a Private Showing

Listing courtesy of NEFMLS / ALSOP PROPERTIES INC

Last checked: Checking… • Last updated Jul 2, 2025 • Source: NEFMLS

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