|
|
Prime Commercial Opportunity positioned just 500 feet from beach access in the heart of St. Augustine Beach, this rare offering consists of two distinct parcels with frontage along A1A Beach Boulevard. The first parcel is home to the beloved Jack’s Bar-B-Que, a local landmark since the 1940s, featuring four detached buildings, a spacious deck, a pool, and multiple bar areas that create a lively dining and entertainment destination. The second parcel, The Brewery at Jacks Bar-B-Que, was built in 2022 and includes a fully equipped brewery with a 7 BBL boiler system, a bar overlooking the brewing hall, and an upstairs office space. The brewery seamlessly supplies fresh craft beer to Jack’s, enhancing the overall customer experience. Both parcels benefit from an invaluable 4COP Quota license with 3M & CMBP modifiers, which is transferable should a buyer choose to redevelop the property. Spanning approximately 25, 000+ sq ft (. 60 acres), the property boasts 200 feet of visible frontage along A1A Beach Boulevard and 150 feet along A Street, with direct access to a city-owned public parking lot and additional on-site parking. Positioned at a busy, signalized intersection, the site enjoys excellent visibility and high traffic exposure, benefiting from the area’s mix of commercial, residential, retail, and dining establishments. Jack’s Bar-B-Que consists of four buildings, including the original restaurant structure rewired and re-plumbed in 2001, a pool for patrons to enjoy, a second bar with an 800-square-foot wooden deck, an entertainment space with billiards, and a back-of-house area with a rebuilt BBQ pit and storage facilities. The brewery, located next door at 681 A1A Beach Blvd, features a deck with poolside seating, a well-appointed interior bar, and a second-floor office. This exceptional investment opportunity offers unmatched potential in a high-demand coastal location, whether maintaining the established businesses, expanding operations, or exploring redevelopment possibilities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$7,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $6,240,000 | $6,240,000 | $6,240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | $2,619 | $2,619 | $2,619 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $35,430 | $37,412 | $51,818 |
| Total Monthly Payment | $38,174 | $40,156 | $54,562 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.