56 Grove Avenue Active Save Request In-Person Tour Request Virtual Tour
St Augustine,FL 32084
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 255190
Full Baths 2
Annual Tax Amount $19,322
Tax Year 2024
Lot Size 0.290 Acres
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
Exterior
Exterior Feature Onsite Parking,Pole Sign
Building
Story 2
Water City
Structure Type Wood