• 56 Grove Avenue Saint Augustine, FL 32084

  • $2,299,000
  • 0
    Bed(s)
  • 0
    Baths
  • 3,257
    Sq Ft

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%.

Property Type :

Residential Income

Subdivision :

Kingsland

County :

Saint Johns

Style :

Residential Income

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Property Details

 

Water/Sewer

Sewer: Public Sewer

Heating & Cooling

Heating: Central

Water Source: Public

Building Information

Year Built: 1917

Lot Information

Lot Description: Irregular Lot

Stories: 2

Main Square Feet: 3,257

Property Information

Property Type: Residential Income

Sub Type: Quadruplex

SQ ft (Living Area): 3,257

Subdivision: Kingsland

MLS Area Minor: 322-Downtown St Augustine

Source Neighborhood: Kingsland

Property Age: 107

Listing Price Information

Listing Id: 1256846

List Price: $2,299,000

List Price Tot SqFt: $706

Tax Information

Parcel Number: 1941100000

Taxes: KINGSLAND

Location Information

Direction: Head north on S Ponce De Leon Blvd toward W King St Turn right onto Grove Ave Destination will be on the left

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ByOwner last updated this listing 05/06/2024 @ 12:28

MLS: 1256846
LISTED BY: JENA DENNIS, GREAT EXPECTATIONS REALTY
SOURCE: realMLS (Northeast Florida Multiple Listing Service)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in reciprocal agreements.

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