Address Not Available By Request

    St Augustine, FL 32084
    • $979,000
    • STATUS: Active
    • ON SITE: 316 days
    • MLS #: 179604
    $979,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    04
    Type:
    Commercial
    County:
    Area:
    04

    School Ratings & Info

    Description

    Built in 1885 by the great, great uncle of the owner and lovingly restored by them between 2014 and 2016, Menorcan Square has so many uses you can create the business of your dreams! Mixed use zoning allows overnight (hotel type stays), retail/office, walk up restaurant or coffee, beer and wine bar along with residential. Currently there are 2 licensed, fully compliant hotel rooms, an art gallery/retail store, ice cream and cookie dough shop, and owner/operator quarters. You can convert the owners quarters and the walk-up restaurant to be 2 additional hotel rooms if you prefer. Operating at a 7% CAP rate. Located in a high traffic area (foot 250/hr and vehicular 1500/hr) across from the new main Old Town Trolley Welcome Center that will be completed in March, 2019. Also within walking distance to Castillo de San Marcos, St. George Street, and all of historic downtown restaurants and sites. This is a unique opportunity to live and work in an historic property in downtown St. Augustine and have your home paid for by the business. Schedule a showing today!

    Monthly Payment Calculator



    © 2019 St. Augustine & St. Johns County Board of Realtors. IDX 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 is believed to be accurate but not guaranteed by the MLS or Florida Homes Realty & Mortgage. Data last updated 2019-04-19T23:30:36.897.
    www.locatenorthfloridahomes.com/homes/84379652

    Address Not Available By Request St Augustine, FL 32084

    • Price: $979,000
    • Status: Active
    • MLS #: 179604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    04
    County:
    Saint Johns
    Area:
    04
    Property Description
    Built in 1885 by the great, great uncle of the owner and lovingly restored by them between 2014 and 2016, Menorcan Square has so many uses you can create the business of your dreams! Mixed use zoning allows overnight (hotel type stays), retail/office, walk up restaurant or coffee, beer and wine bar along with residential. Currently there are 2 licensed, fully compliant hotel rooms, an art gallery/retail store, ice cream and cookie dough shop, and owner/operator quarters. You can convert the owners quarters and the walk-up restaurant to be 2 additional hotel rooms if you prefer. Operating at a 7% CAP rate. Located in a high traffic area (foot 250/hr and vehicular 1500/hr) across from the new main Old Town Trolley Welcome Center that will be completed in March, 2019. Also within walking distance to Castillo de San Marcos, St. George Street, and all of historic downtown restaurants and sites. This is a unique opportunity to live and work in an historic property in downtown St. Augustine and have your home paid for by the business. Schedule a showing today!
    Exterior Features

    Construction StuccoWood Foundation Piles Location Business DistrictCity LimitsOther-See Remarks Lot Size 27X80x67x45 Misc Exterior SidewalksStreet Parking Roof Corrugated Metal

    Interior Features

    Flooring Wood Heating Cooling Central A/CElectric Office Sq Ft 180

    Property Features

    Bank Corporate Owned YN No Business Description Menorcan Square Business Name Menorcan Square Cdd YN No Commercial Type MotelRestaurantRetail Electric 110 V Short Sale YN No Tenancy Multiple Tenants Type Of Property Investment Waste Sewer Water City

    Listing courtesy of First Coast Sothebys International Realty.


    © 2019 St. Augustine & St. Johns County Board of Realtors. IDX 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 is believed to be accurate but not guaranteed by the MLS or Florida Homes Realty & Mortgage. Data last updated 2019-04-19T23:30:36.897.
     
    Florida Homes Realty & Mortgage
    184 St. Road 312
    St. Augustine FL, 32086