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

Overview

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 restau ...

Listing Details MLS# 2045329

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

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

Contract Information

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

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

Location, Tax, and Legal

Country
US
Parcel Number
1983400000
Tax Annual Amount
29738.49
Tax Year
2023

More Information

Construction Materials

Concrete
Yes
Wood Siding
Yes

Cooling

Central Air
Yes

Current Use

Commercial
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Historic Area
Yes

Parking Features

On Street
Yes
Parking Lot
Yes

Road Frontage Type

City Street
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Business Type

Restaurant
Yes
Retail
Yes

Sale Includes

Building & Land
Yes
Furniture, Fixtures and Equipment
Yes
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Source MLS Verified
Last Updated: February - 07 - 2025
Information deemed reliable but not guaranteed.