REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,850,000
Est. payment | /mo
2 Baths
0.29 Acres Lot
$ 1,850,000
Est. payment | /mo
2 Baths
0.29 Acres Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 255190
Full Baths 2
HOA Y/N No
Annual Tax Amount $19,322
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Special Purpose
Property Description
Commercial and residential mixed-use property in a prime downtown location in Florida's premier historic destination. This extensively upgraded property is made up of two buildings. One building, circa 1920, consists of a ground-floor commercial space currently used as a restaurant, with two residential apartments upstairs. The upstairs units have separate entrances and parking and are currently occupied with long-term tenants. The Highest and Best Use to maximize rental income could be a conversion to one or two short-term rentals. The proximity and walkability to the Historic area of St. Augustine make this a highly desirable option. The commercial tenant is in a long-term lease and has a reputation as one of the finest restaurants in North Florida! In addition, there is a separate, stand-alone cottage circa 1917, with a long-term tenant. The buildings have strong demand due to the excellent location and on-site parking. Tremendous opportunity to generate stable rental income.
Location
State FL
County St. Johns
Area 04
Zoning CM-2
Location Details Business District,City Limits
Interior
Interior Features Fire Sprinkler System
Exterior
Exterior Feature Onsite Parking, Pole Sign
Water Access Desc No
Building
Story 2
Water City
Level or Stories 2
Structure Type Wood
Listed by One Sotheby's Int (A1A Beach)
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty