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11 Aviles Street is a fully restored mixed use property located in the heart of historic downtown St. Augustine on the oldest street in North America. The building features 18 units, including 7 commercial spaces and 11 residential apartments, all renovated between 2015 and 2023 with updated systems including HVAC, plumbing, electrical, and fire suppression. Originally the Hamlin Hardware Building, the property blends historic character with modern functionality and sits within the city’s premier art district, benefiting from strong foot traffic, tourism, and consistent demand. This is a rare opportunity to acquire a stabilized asset in one of Florida’s most iconic and high growth markets. Visit 11AvilesStreet. com for for more details. 11 Aviles Street presents a rare opportunity to acquire a fully restored mixed-use asset in the heart of downtown St. Augustine, the oldest city in the United States. Situated on Aviles Street, the oldest platted street in North America, this property offers a unique blend of historic character, modern infrastructure, and strong investment fundamentals in one of Florida’s most visited destinations. Originally constructed in the early twentieth century as the Hamlin Hardware Building, the property played a central role in the city’s commercial growth before evolving into a cornerstone of St. Augustine’s renowned art district. Today, it stands as a vibrant mixed-use asset surrounded by galleries, boutiques, and restaurants, with consistent pedestrian traffic driven by tourism and local events, including the monthly First Friday Art Walk. Between 2015 and 2023, the building underwent a comprehensive restoration with historic preservation in mind. The renovation preserved the architectural integrity of the structure while introducing modern systems designed for long term performance and efficiency. The property consists of 18 total units, including 7 commercial spaces and 11 residential apartments, all fully renovated. Interior features include restored hardwood flooring, custom finishes, and a rare hand operated historic elevator that serves as a centerpiece reflecting the building’s legacy. Major capital improvements include new electrical, plumbing, HVAC systems, spray foam insulation, a refurbished fire sprinkler system, and a complete exterior rebuild to the studs with new siding and a metal roof. Positioned within one of the most walkable and culturally significant corridors in the Southeast, 11 Aviles Street offers investors the opportunity to acquire a stabilized, high profile asset with long term appreciation potential and strong demand drivers tied to tourism, history, and the arts.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,750,000
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
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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 | $8,600,000 | $8,600,000 | $8,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.247% | 6.117% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $50,872 | $52,255 | $71,992 |
| Total Monthly Payment | $50,997 | $52,380 | $72,117 |
* 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.