The Floridian

5,506 SF | Retail Building | Saint Augustine, FL 32084 | $4,250,000 ($772/SF) | 7% Cap Rate

Asking Price $4,250,000

Property Type: Retail, Restaurant
Square Feet: 5,506 SF
Price / Square Foot: $772

Listing Contacts

Joe Hatin

Verified Profile

Property Info

Property Overview

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 operating business known as "The Floridian" is not included, real property only plus FF&E convey. Possible 1 year Sale Leaseback with 7% cap rate available. Shown by appointment only.

Property Details

Class: B
Year Built: 1930
Stories: 2
Property Subtype: Other Restaurants
Lot Size (sq. ft): 6,098 SF

Highlights

Prime Restaurant Opportunity in Historic District of St. Augustine
Zoned HP-3 for Historic Preservation Three, City of St. Augustine
1 Year Sale Leaseback Option - 7% Cap Rate
5,506 SF of Gross Building Area/Built in 1930
Landmark property with significant appeal
Real Property Only For Sale, Existing Business not Included

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