56 Grove Avenue, St Augustine, FL 32084
56 Grove Avenue, St Augustine, FL 32084
56 Grove Avenue, St Augustine, FL 32084
56 Grove Avenue, St Augustine, FL 32084
56 Grove Avenue, St Augustine, FL 32084
56 Grove Avenue, St Augustine, FL 32084
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Jennifer Kenney-Smith

Jennifer Kenney-Smith

+1(443) 834-4911
$ 1,850,000
Est. payment | /mo

2 Baths

0.29 Acres Lot

Save
$ 1,850,000
Est. payment | /mo
Save

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)

Nearby Locations

Jennifer Kenney-Smith

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(443) 834-4911

jennifer.kenney-smith@exprealty.com

10752 Deerwood Park Blvd, Jacksonville, FL, 32256, USA

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56 Grove Avenue