William Ashton
56 Grove Avenue, Saint Augustine, FL, 32084
0 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
CM-2
Subdivision:
Kingsland Addition
Lot Size:
50 x 255
Boat Access:
No
MLS #:
255873
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Listing courtesy of One Sotheby's Int (A1A Beach)