$2,299,000
BEDS
--
BATHS
4.0
SQFT
--
Active MLS # 237051, Listed by Great Expectations Realty
56 Grove Ave is a $2,299,000, 4.0 bath home located in St. Augustine, FL.
Seller’s Description
This unique mixed use investment opportunity includes 4 separate income producing units in the heart of St. Augustine. This property sits just off US 1 and has visibility from the busy highway. The building has recently undergone significant upgrades & been remodeled with a restaurant on the first floor, 2 residential 1BR Apartments upstairs, and a separate 2 BR/ 1 BA residential cottage sitting on .28 Acres. The restaurant has a long term tenant in place, the two upstairs units are occupied with annual leases, and the cottage was being utilized as a short term rental but recently converted to full time tenant. Zoned CM-2 this property has so many options. Financials & Lease Terms available with an NDA. Current Cap Rate is 4.32%.
Features
INTERIOR
EXTERIOR
| # Parking Spaces | 16 |
| Exterior Features | Virtual Tour - Yes Miscellaneous Features (Commercial) - Blueprint Plan - Yes Miscellaneous Features (Commercial) - Gas - Yes Miscellaneous Features (Commercial) - Sprinkler - Yes Miscellaneous Features (Commercial) - Survey - Yes |
PROPERTY
| Property Type | Family-Less Than 1/2 Acre |
| Property Sub Type | Investment |
| Style Characteristics | For Sale |
| Taxes | $0.00 |
| County | saint johns |
Based on information from the St. Augustine Board of Realtors, last updated 04/16/2024 at 07:00am MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.
