$899,000

About this home

See Realtor Remarks: 12.74% cap rate opportunity in one of Florida’s fastest-growing markets. The offering includes an established restaurant operation, underlying real estate, and adaptable mixed-use space within a strategically positioned asset along a primary Northeast Florida corridor in 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 and service channels through restaurant and ice cream operations, including dine-in and takeout service. The site also includes approximately 248 feet of corner frontage and is located 400 feet from the signalized intersection of SR 207 and CR 13/N. Main Street, with FDOT 2025 traffic counts ranging from 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 operational workflow designed for dine-in and takeout service. The separate ice cream component includes its own entrance and walk-up service window. The second- and third-floor space includes four private rooms and two bathrooms with separate exterior access, offering flexible use 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 construction seating up to 48 guests (2023). Operating statements available to qualified buyers. Based on current, historical, and annualized operating performance, the asset demonstrates strong cash flow that may appeal to both 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 scheduled to open in 2026 and the ongoing $21 million redevelopment of the historic Hastings High School into a First Coast Technical College campus. Rare opportunity to acquire a cash-flowing 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.

Property details

MLS

Stellar MLS

MLS #

MFROM724413

Property type

Restaurant

Subdivision

MCCLUNGS

Status

Active

Days on market

38

On market date

May 8, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.34 acres