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Presented by
The Rosemarie Smith Team |
Rare opportunity to acquire a two-story historic masonry building of significant size and presence located on San Marco Avenue, one of the primary gateway corridors into Uptown St. Augustine and the historic core. Properties of this scale and stature are increasingly scarce along this fully built-out and protected corridor. The building has been successfully operated for over a decade, demonstrating long-term commercial viability. Its two-story configuration provides meaningful flexibility, supporting a variety of owner-user, experiential, office, gallery, or hybrid commercial use scenarios. Constructed of historic masonry, the property benefits from irreplaceable character and long-term supply protection afforded by the surrounding historic preservation framework. Any future redevelopment or replacement would be subject to discretionary review, reinforcing the value of existing historic assets along this corridor. Deeded rear access from Abbott Street leads to exclusive on-site parking, a rare and valuable feature in this location. Major capital improvements have been completed, including roof replacement (2018), updated electrical and plumbing systems, and HVAC replacements in 2015 and 2023. The interior has been meticulously maintained and is move-in ready. This offering is not positioned as commodity retail, but as a generational, multi-use historic commercial asset for buyers seeking long-term ownership in one of Florida’s most supply-constrained historic markets.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$2,495,000
Sales Associates
William Raveis Real Estate
Phone: 860.227.5806
TheRosemarieSmithTeam@raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.585% | 5.806% |
| Monthly Tax Payment | $1,280 | $1,280 | $1,280 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,177 | $11,648 | $16,442 |
| Total Monthly Payment | $12,582 | $13,053 | $17,847 |
* 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.