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47 Cordova Street, Saint Augustine, FL, 32084 | $1,975,000
Fully renovated commercial building w/ Turn Key Bakery, Cafe, & Coffee Shop - Assets included. Zoning allows for Residential or Short Term rental use, though current use is a cafe/bakery that serves coffee, beer & wine. This stunning Historic building was originally built in 1900 but was completely renovated in 2014. The full renovation included everything from a new slab, new structural supports and framing, walls, new electrical, plumbing, roof, HVAC, fixtures, and more. The complete renovation was done to conform with HARB requirements as well as the Ad Valorem tax exemption, making the new effective age of the building 2014. Currently the property is used to house a Bakery & Coffee shop with both a front and back pavered patio for guests. As you walk through the front door the charm and natural bright light will envelope you. The spacious front seating area looks out through a beautiful bay window onto Cordova Street, one of the busiest streets in Historic downtown. The downstairs includes a large space for retail or cafe service, a small prep room with sink and storage, and two handicap accessible restrooms. From there you can exit through to the back deck with shared storage space and a walk-in. Upstairs is an additional area for dining or private parties, a large full kitchen with walk-in cooler, hood system, and private office. This location is less than a block from Flagler College and on the route of both trolley trains and carriage tours. HP3 Zoning allows for numerous uses to include: gallery, short term rentals, retail, restaurant service, antiques, & office space . Recent Updates include: New AC units - 2021-22, New grease trap 2021-22, Weather proofed shed 2023, Updated back patio - 2022 with new brick, removal of tree and fresh paint along with new fences. Impact fee paid for 70 Seats. This purchase includes all physical assets and equipment to open a turnkey business. Name & Proprietary Assets do not convey - Financials not available.
Features
- Bedrooms: 3
- Baths: 2 full
- Lot Size: 104x25
- Year Built: 1900
- Approx Sq. Feet: 2,156
- Lot Size: 104x25
- Est. Taxes: $7,610
- MLS#: 234725
- Days on Market: 330 days
- Website: https://www.raveis.com
/eprop/234725/47cordovastreet_saintaugustine_fl?source=qrflyer
Listing courtesy of GREAT EXPECTATIONS REALTY
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
47 Cordova Street, Saint Augustine, FL, 32084
$1,975,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,580,000 | $1,580,000 | $1,580,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.838% | 7.141% | 7.082% |
| Monthly Tax Payment | $634 | $634 | $634 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,645 | $10,512 | $14,091 |
| Total Monthly Payment | $11,404 | $11,271 | $14,850 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388