$3,900,000
72 SPANISH Street
St. Augustine, FL 32084
MLS# 2045329
Status: Closed

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Property 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.

Details
Documents
Location, Tax, and Legal
Country: US
Parcel Number: 1983400000
Tax Annual Amount: 29738.49
Tax Year: 2023
General Property Information
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.
Building Area Total: 5506
Building Area Source: Public Records
Building Name: The Floridian
List Price/SqFt: 771.89
Sold Price/SqFt: 708.32
Year Built: 1930
Construction Materials
Concrete: 1
Wood Siding: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Historic Area: 1
Parking Features
On Street: 1
Parking Lot: 1
Road Frontage Type
City Street: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Utilities
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Business Type
Restaurant: 1
Retail: 1
Sale Includes
Building & Land: 1
Furniture, Fixtures and Equipment: 1
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
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
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.
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: February - 07 - 2025

Information deemed reliable but not guaranteed.

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