Discover a rare investment gem in the heart of Downtown St. Augustine: This unique offering is for one residential unit within the building on the San Sebastian River. It is part of a versatile property zoned CM-2, combining commercial and residential uses and prime waterfront access. This presents unmatched value for investors, business owners, and water enthusiasts alike. Unit D, a residential unit, offers an upstairs charming two-bedroom, one-bathroom condo 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 month to month lease, generating steady rental income. There is potential to also own a designated boat slip on the shared dock. There are two private boat slips available, 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 for multiple units within the building. This listing is for MLS#245948: $525,000 Unit D Upstairs Residential Unit only. Other options include: Unit D - an Upstairs Residential Unit with the addition of 2 Boat Slips # 3 & # 4 for $850,000. MLS#245949: Unit A – a Commercial Downstairs Unit only for $625,000. Unit A - a Commercial Downstairs Unit with the addition of 2 Boat Slips # 3 & # 4 for $750,000. MLS #245948: Unit A - a Commercial downstairs unit PLUS Unit D - an upstairs ResidentialUnit PLUS 2 Boat Slips #3 & #4 - All for $1,290,000. 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.