72 SPANISH Street, St. Augustine, FL 32084 (MLS# 2045329)

72 SPANISH Street, St. Augustine, FL 32084

$3,900,000
Property Type: Commercial Sale Square Footage: 5,506 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $3,900,000 List Date: 9/02/2024 Last Modified: 2/07/2025

Description

Discover the vibrant potential of The Floridian's epic location in the historic district of downtown Saint Augustine, Florida. Positioned in the heart of the bustling retail and culinary scene, this area promises a rich tapestry of attractions for end users and savvy investors seeking a prime restaurant location. Nearby destinations such as St. George Street, with its eclectic shopping and dining opportunities, draw in tourists and locals alike. Experience the charm and allure of this landmark locale, strategically situated to leverage the continuous growth of the Jacksonville submarket. With its unique mix of history and contemporary vibrancy, The Floridian's location offers an exceptional opportunity for restaurant ventures seeking to make a lasting mark in this dynamic setting. The existing business is not included, real property only plus FF&E convey. Purchase of a liquor license is not required as seating capacity is over 150 seats. Sale Leaseback Option with 7% Cap is available.

Supplements: Introducing an iconic opportunity for retail and restaurant investors - a stunning 5,506 SF building steeped in history and character. Built in 1930, this property exudes timeless charm and is nestled within the downtown historic district of St. Augustine, with Historic Preservation Three zoning classification which accommodates the existing restaurant use. Imbued with a rich heritage, the building presents a unique canvas for creating an unforgettable retail or dining experience. With its historic allure and prime location, this property holds immense potential for investors seeking to craft a distinctive presence in the thriving St. Augustine culinary scene. Architectural plans, survey and property brochure are available in documents.

More Information MLS# 2045329

Contract Information

Current Price: $3,900,000 Sold Price: $3,900,000 Status: Closed Listing Contract Date: 2024-09-01 Property Sub Type: Retail

Location Tax and Legal

Street Number: 72 Street Name: SPANISH Street Suffix: Street County: St. Johns State: FL Postal Code: 32084 MLS Area Major: 322-Downtown St Augustine

General Property Information

Building Area Total: 5506 Building Area Source: Public Records Year Built: 1930 Building Name: The Floridian Lot Size Acres: 0.14 Water Body Access YN: No Waterfront YN: No Directions: From US 1 South/N. Ponce de Leon Blvd, head east on Orange Street, right hand turn on Cordova Street. Head south on Cordova Street, take a right on Treasury Street, then left on Spanish Street. Property is on west side of Street, across from paid, public parking lot. Public Remarks: Discover the vibrant potential of The Floridian's epic location in the historic district of downtown Saint Augustine, Florida. Positioned in the heart of the bustling retail and culinary scene, this area promises a rich tapestry of attractions for end users and savvy investors seeking a prime restaurant location. Nearby destinations such as St. George Street, with its eclectic shopping and dining opportunities, draw in tourists and locals alike. Experience the charm and allure of this landmark locale, strategically situated to leverage the continuous growth of the Jacksonville submarket. With its unique mix of history and contemporary vibrancy, The Floridian's location offers an exceptional opportunity for restaurant ventures seeking to make a lasting mark in this dynamic setting. The existing business is not included, real property only plus FF&E convey. Purchase of a liquor license is not required as seating capacity is over 150 seats. Sale Leaseback Option with 7% Cap is available. List Price/SqFt: 771.89 Sold Price/SqFt: 708.32

Status Change Information

Major Change Timestamp: 2025-02-07T15:20:46Z Major Change Type: Status Change Purchase Contract Date: 2024-10-03 Close Date: 2025-02-06 Close Price: 3900000

Property Features

Business Type: Restaurant; Retail Construction Materials: Concrete; Wood Siding Cooling: Central Air Current Use: Commercial Listing Terms: Cash; Conventional Lot Features: Historic Area Parking Features: On Street; Parking Lot Road Frontage Type: City Street Roof: Metal Sale Includes: Building & Land; Furniture, Fixtures and Equipment Sewer: Public Sewer Utilities: Sewer Connected; Water Connected Water Source: Public
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Last Updated: February - 07 - 2025
Information deemed reliable but not guaranteed.