Unique opportunity to own both a turn-key business and a mixed use building featuring a commercial restaurant on one side and a 4 bed / 2 bath home on the other side. Welcome to 125 N Main St, a rare gem nestled in the heart of historic downtown Hastings, FL. This versatile property offers both a residential homestead or rental and a fully operational, turn-key restaurant currently serving as a beloved pizza establishment. The property features four spacious bedrooms including a beautifully finished third-floor bedroom or office with an en-suite bathroom. There are 3 additional bedrooms and a bathroom on the second floor. The kitchen and living space are on the first floor. With approximately 2, 500 +/- sq ft of recently renovated space, this property also boasts a vibrant restaurant setting complete with a commercial kitchen and pizza oven, an ordering window, two handicap-accessible bathrooms, and a dry storage room, all making it ideal for owner-operators or investors looking for a mixed-use property. Enjoy the front deck with seating, perfect for dining al fresco, with a new roof covering to be installed soon. The backyard offers exciting potential for further seating expansion or other creative uses. When the renovation was completed last year, the owner also installed a required fire sprinkler system, a handicap accessible ramp, dumpster, handicap parking, and More! Situated near the intersection of Hastings Main Street & State Road 207, this property is perfectly positioned to benefit from the town's recent investments and ongoing redevelopment. With easy access to I-95 and just a short drive to the historic charm of St. Augustine, this rural oasis combines tranquility with convenience. Hastings is on the rise, with more businesses set to join the vibrant Main Street community. Whether you're looking to live, work, or invest, 125 N Main St offers a unique opportunity to be a part of this exciting transformation.
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$799,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $164 | $164 | $164 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,481 |
Total Monthly Payment | $4,509 | $4,504 | $5,737 |
* 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.