47 Cordova St - Restaurant FOR SALE


Saint Augustine, FL 32084
$1,950,000 USD
904-806-4274
47 Cordova St, Saint Augustine, FL for Sale
$1,950,000 USD
Restaurant - FOR SALE
1/35
null | Request Cap Rate

47 Cordova St
Saint Augustine, FL 32084


OVERVIEW

For LEASE or SALE, OWNER FINANCING available with 25% downpayment. Fully renovated commercial building w/ Turn Key Bakery, Cafe, & Coffee Shop - Assets included. Zoning allows for Residential or Short Term rental use, though current use is a cafe/bakery that serves coffee, beer & wine. This stunning Historic building was originally built in 1900 but was completely renovated in 2014. The full renovation included everything from a new slab, new structural supports and framing, walls, new electrical, plumbing, roof, HVAC, fixtures, and more. The complete renovation was done to conform with HARB requirements as well as the Ad Valorem tax exemption, making the new effective age of the building 2014. Currently the property is used to house a Bakery & Coffee shop with both a front and back paved patio for guests. As you walk through the front door the charm and natural bright light will envelope you. The spacious front seating area looks out through a beautiful bay window onto Cordova Street, one of the busiest streets in Historic downtown. The downstairs includes a large space for retail or cafe service, a small prep room with sink and storage, and two handicap accessible restrooms. From there you can exit through to the back deck with shared storage space and a walk-in. Upstairs is an additional area for dining or private parties, a large full kitchen with walk-in cooler, hood system, and private office. This location is less than a block from Flagler College and on the route of both trolley trains and carriage tours. HP3 Zoning allows for numerous uses to include: gallery, short term rentals, retail, restaurant service, antiques, & office space . Recent Updates include: New AC units - 2021-22, New grease trap 2021-22, Weather-proofed shed 2023, Updated back patio - 2022 with new brick, removal of tree and fresh paint along with new fences. Impact fee paid for 25 Seats. This purchase includes all physical assets and equipment to open a turnkey business. Name & Proprietary Assets do not convey - Financials not available. For Lease at $75 per SqFt NNN.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$904 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Loft/Creative Space, Service, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,354 SF

ZONING

HP-3

APN/PARCEL ID

198070-0000

ASK ABOUT THIS PROPERTY

Jena DennisGreat Expectations RealtyMore Info
904-806-4274

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Jena DennisGreat Expectations RealtyMore Info
904-806-4274

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.