Discover a rare investment gem in the heart of Downtown St. Augustine: a versatile property zoned CM-2, combining commercial potential with residential appeal and prime waterfront access. This unique offering includes two distinct units: one commercial (Unit A), one residential (Unit D), together with a shared dock and two dedicated boat slips on the San Sebastian River. This presents unmatched value for investors, business owners, and water enthusiasts alike. Unit A serves as a spacious first floor commercial office or retail space, featuring a kitchenette, a bathroom, and a private back deck. The front entryway has a potential reception office, an open workspace, and an attached workshop with two sets of double doors for ease of access. Additionally, there’s a generous shared side yard with a deck, perfect for business gatherings or outdoor flexibility, blending functionality with a welcoming ambiance. Unit D, the residential component, offers an upstairs charming two-bedroom, one-bathroom apartment with central A/C, custom maple cabinetry in the kitchen, and beautiful maple and tile flooring throughout. With both front and rear balconies, this unit provides inviting spaces to relax and enjoy the views. It currently holds a lease, generating steady rental income. Both units benefit from access to a shared dock, extending to two private boat slips, each under a month-to-month lease and ripe with potential for expansion. The two slips have water and electricity. With riparian rights, the property appeals particularly to those seeking waterfront amenities and exclusive access. This offering is ideal for those looking to own a piece of St. Augustine’s vibrant scene, with the unique blend of commercial and residential space in a sought-after waterfront location. For flexibility, the seller is open to various purchase arrangements. This listing is for MLS #245385: Unit A – Commercial Downstairs Unit. Unit D – a Residential Upstairs Unit. Boat Slip #3 & Boat Slip #4 for $1,290,000. Other options include MLS#245949: Unit A - a Commercial Downstairs Unit only for $625,000. MLS#245949: Unit D – a Residential Upstairs Unit only for $525,000. Unit D - an Upstairs Residential Unit with the addition of 2 Boat Slips # 3 & # 4 for $850,000. Unit A - a Commercial Downstairs Unit with the addition of 2 Boat Slips # 3 & # 4 for $750,000. OR the whole building including Units A, B, C, D, E, F and all Boat Slips # 1, 2, 3, 4 - ALL for $3,200,000. The Current Leases document attached shows the full list of available units.