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Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 795,000

Est. payment | -/mo

4,188 SqFt

Save

$ 795,000

Est. payment | -/mo

Save

4,188 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,188 sqft

Price per Sqft $189

MLS Listing ID CC854590

HOA Y/N No

Year Built 1911

Annual Tax Amount $3,134

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 100x148

Property Sub-Type Retail

Source Citrus

Property Description

Historical 14.4% cap rate opportunity in one of Florida's fastest-growing markets. The offering includes an established restaurant operation, real estate, and adaptable mixed-use space along a primary Northeast Florida corridor within the Jacksonville MSA. The Jacksonville MSA is Florida's fourth-largest metro area with an estimated 2023 GDP exceeding $129 billion according to U.S. Bureau of Economic Analysis data.

The asset features multiple revenue streams through its restaurant and ice cream operations, with dine-in and takeout service. This turnkey operation has established business systems and processes, including four on-staff pizza makers, providing an operational foundation for a seamless ownership transition. The site includes ±248 feet of corner frontage and is ±400 feet from the signalized intersection of SR 207 and CR 13/N. Main Street, with FDOT 2025 traffic counts of 21,000–24,000 AADT.

The first-floor restaurant contains a commercial kitchen featuring a gas-fired pizza oven, stainless prep areas, commercial refrigeration, three-compartment sink system, prep and storage areas, POS system, and workflow designed for dine-in and takeout service. The ice cream component includes its own entrance and walk-up service window.

The currently rented second- and third-floor space includes four private rooms and two bathrooms with separate exterior access, generating additional revenue. The space offers potential for residential or office occupancy, storage, operational support, expanded dining operations, or other uses permitted under St. Johns County Commercial General (CG) zoning. Buyer to verify permitted use and occupancy requirements.

Recent capital improvements include upgraded 120/208V commercial electrical service with expanded panel capacity (2025), covered roof addition over the dining area (2024), interior renovations (2023), new wiring of 2nd and 3rd floors (2023), repiping of new fixtures (2023), NFPA 13D wet sprinkler system installation (2023), and outdoor dining deck seating up to 48 guests (2023).

Operating statements available to qualified buyers. Based on current, historical, and annualized performance, the asset demonstrates strong cash flow that may appeal to investors and owner-operators. Buyer to independently verify all financial performance and underwriting assumptions.

Located in St. Johns County—one of Florida's fastest-growing counties according to U.S. Census Bureau Vintage 2024 estimates and University of Florida BEBR data—the location benefits from continued investment in downtown Hastings, including the new Hastings Community Center and Library and the ongoing $21 million redevelopment of the historic Hastings High School into a First Coast Technical College campus.

Rare opportunity to acquire an income-producing mixed-use restaurant asset with operational infrastructure, multiple revenue streams, recent capital improvements, public water and sewer, and long-term growth potential along an expanding Northeast Florida corridor between St. Augustine and Palatka.

Location

State FL

County St Johns

Area 32145 - Hastings

Zoning OOC

Interior

Interior Features Stone Counters

Heating Heat Pump

Cooling Central Air, Mini-Split Unit(s), Wall/Window Unit(s)

Flooring Carpet, Tile, Luxury Vinyl, Wood

Exterior

Exterior Feature Lighting

Parking Features Parking Pad, Other

Fence Chain Link, Vinyl

Utilities Available BB/HS Internet Available

View Y/N No

Water Access No

Roof Type Metal

Porch Deck

Attached Garage false

Exposure East

Garage false

Building

Lot Description Cleared, Corner Lot, Level, Rectangle

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type HardiPlank Type

New Construction false

Others

Acceptable Financing Cash, Owner Financing

Listing Terms Cash, Owner Financing

Listed by Rich Fernley CENTURY 21 J.W.MORTON R.E.

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL 32259

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125 N Main ST Hastings, FL 32145