RARE BRAND NEW concrete block (approx 6000sf) restaurant building plus three outdoor dining areas (approx 2000sf total), located in the heart of historic St. Augustine's downtown tourist hub. 6.5 million people annually visit America's Oldest City, and its three months of Nights of Lights has been named one of the Top 10 Places in the World to view holiday lights. This property, spanning street to street on a high traffic corner location, boasts exceptional construction quality. Upscale chef-focused restaurant concept desired. Potential for approximately 300 seats. Owner will deliver shell plus extensive infrastructure and outdoor spaces to accommodate endless design opportunities. Tenant responsible for all buildout. Long-term lease at $30,000/month includes owner maintenance of roof, windows and doors and some exterior. Tenant also pays taxes/insurance currently estimated at approx $8000/month and other maintenance costs. Options include two small outbuildings.
62 Spanish St, Saint Augustine, FL, 32084
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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