31 SAN MARCO AVE $979,000

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    31 SAN MARCO AVE ST AUGUSTINE, FL 32084

    • 2,060 sq.ft.
    • 0.05 Acres
    • Commercial Sale
    MLS# 937879 | Active
    Days On Market: 307 18 Views
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    Property Details

    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

    • General Features
      • # of Units 1 - 4 Units
      • County St. Johns
      • Development Status Recorded Plat
      • Present Use Zoned Commercial,Hotel/Motel,Retail
      • Road Surface Asphalt Road
      • Type Commercial
      • Type of Potential Use Bed and Breakfast, Hotel/Motel, Investment, Retail
    • Building Features
      • Structure Wood Frame
      • Exterior Wall Stucco
      • Building Stories 2 Stories
      • HVAC Central
      • Year Built 1885
    • Property Features
      • Lot Description View Regular Lot
      • Utilities Water - Public
      • Parking On-Street Parking

    Contact

    St. Augustine Office

    Office

    St. Augustine Office

    Office: 904-471-6906

    Neighborhood

    32084 (ST AUGUSTINE) Demographics

    39Median Age
    711Population Density (per sq. mile)
    33%College Educated
    $42,866Estimated Median Income
    7,582Estimated Total Home Owners
    4,928Estimated Total Renters
    61% / 39%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    33,844Total Population

    Market Last 30 Days

    $257,450 Median Sales Price
    104 Homes Sold
    183 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $979,000
        10/18/2018 1:40:11 PM Price Reduced Source New Value: $979,000 -2.1%
        5/22/2018 5:41:00 PM New in Database Source New Value: $1,000,000

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        ©2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved. Data last updated: 3/25/2019 4:10:55 PM. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.

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