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56 Grove Avenue

St Augustine, FL 32084
  • $2,299,000
  • STATUS: Active
  • ON SITE: 163 Days
  • MLS #: 1256759
$2,299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,257
    SQFT
  • $706
    $/SQFT
Type:
Commercial
Built:
1917
County:

School Ratings & Info

Description

This unique mixed use investment opportunity includes 4 separate income producing units in the heart of St. Augustine. This property sits just off US 1 and has visibility from the busy highway. The building has recently undergone significant upgrades & been remodeled with a restaurant on the first floor, 2 residential 1BR Apartments upstairs, and a separate 2 BR/ 1 BA residential cottage sitting on .28 Acres. The restaurant has a long term tenant in place, the two upstairs units are occupied with annual leases, and the cottage was being utilized as a short term rental but recently converted to full time tenant. Zoned CM-2 this property has so many options. Financials & Lease Terms available with an NDA. Current Cap Rate is 4.32%.

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© 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Demi Judd | Momentum Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2024-04-20T10:57:07.18.

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56 Grove Avenue St Augustine, FL 32084

  • Price: $2,299,000
  • Status: Active
  • On Site: 163 Days
  • MLS #: 1256759
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,257
SQFT
$706
$/SQFT
1917
Built
Neighborhood:
322-DOWNTOWN ST AUGUSTINE
County:
St. Johns
Area:
322-DOWNTOWN ST AUGUSTINE
Property Description
This unique mixed use investment opportunity includes 4 separate income producing units in the heart of St. Augustine. This property sits just off US 1 and has visibility from the busy highway. The building has recently undergone significant upgrades & been remodeled with a restaurant on the first floor, 2 residential 1BR Apartments upstairs, and a separate 2 BR/ 1 BA residential cottage sitting on .28 Acres. The restaurant has a long term tenant in place, the two upstairs units are occupied with annual leases, and the cottage was being utilized as a short term rental but recently converted to full time tenant. Zoned CM-2 this property has so many options. Financials & Lease Terms available with an NDA. Current Cap Rate is 4.32%.
Exterior Features

Lot Features Historic Area Waterfront YN No

Interior Features

Heating Central Heating YN Yes

Property Features

Additional Remarks Road Surface: Asphalt RoadLot Location-Downtown: YNumber of Units: 1 - 4 Units Additional Remarks2 Number of Buildings: 2 Buildings Additional Remarks3 Current Zoning: CM-2Occupant Type: Appointment24 hour noticeCall Listing AgentSee Private RemarksTenant OccupiedSpecial Instructions Current Use Commercial Possession Subject To Tenant Rights Property Sub Type Mixed Use Sewer Public Sewer Water Source Public

Listing courtesy of GREAT EXPECTATIONS REALTY: 904-823-3456.


© 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Demi Judd | Momentum Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2024-04-20T10:57:07.18.

Digital Millennium Copyright Act
 
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Demi Judd | Momentum Realty
13475 Atlantic Blvd, Suite s206
Jacksonville FL, 32225