Key Facts
- MLS® #: 255042
- Property ID: SIRC2696964
- Original Price: USD 749,000
- Property Type: Residential, Single Family Detached
- Style: Cottage
- Lot Size: 0.34 ac
- Year Built: 1897
- Bedrooms: 3
- Bathrooms: 2
- Listed By:
- Kathryn Mitchell, Elizabeth Jennings
Property Description
Prime West Augustine Commercial Property with unlimited growth potential. This historic investment property has been an iconic and favorite gathering place for locals and tourists alike for many years. Introducing 40 Old Dixie Highway, a versatile property with commercial zoning, CL-1, located within the city limits of historic Saint Augustine offering endless potential for various uses including, converting back to a three bedroom residential home, lucrative short term rental property, bed and breakfast and many more. This property offers a rare mix of immediate income and future growth potential. Spanning three lots, it is an ideal opportunity for investors, entrepreneurs, or developers. Beyond its current use, the additional land allows for exciting possibilities, build another structure, create an income producing nightly vacation rental or construct an additional private residence on the back lot. The existing building is designed to seat more than fifty guests, featuring indoor and outdoor dining areas, a welcoming front porch, two entrances, two bathrooms, and ADA accessibility. Two off street parking areas provide approximately thirty parking spaces, offering convenience for both patrons and staff. Recent updates include new wood lap siding, exterior paint, window frames, interior paint, kitchen flooring, a modern grease trap, signage, and an onsite storage shed. This offering is for the real estate only, with business and restaurant equipment negotiable separately. Owner financing is available. Please do not approach the tenant. Contact us today for details and to schedule a private tour.
Amenities
- Hardwood Floors
- Open Porch
- Patio
Listing Agents
- Kathryn Mitchell
C. 9045016996
O. 9045016996
- Elizabeth Jennings
C. 4079199557
O. 4079199557
Ask Us For More Information
Ask Us For More Information
Location
40 S Dixie Hwy , St Augustine, Florida, 32084 United States
Around this property
Information about the area within a 5-minute walk of this property.
Request Neighbourhood Information
Learn more about the neighbourhood and amenities around this home
Request NowMarketed By
ONE Sotheby's International Realty
81 King Street Suite B
Saint Augustine, Florida, 32084
United States
904.829.2002