40 S Dixie Hwy

Description

Prime West Augustine Commercial Property with Unlimited Growth Potential! This historic investment property has been an iconic and favorite gathering place for locals and tourists alike for many years. Introducing 40 Old Dixie Hwy, a versatile property with commercial zoning (CL-1) located within the city limits of Historic St. Augustine offering endless potential for various uses including: restaurant, office space, converting back to a 3-bedroom residential home, bed & breakfast and many more. This property offers a rare mix of immediate income and future growth potential. Spanning three lots, it’s an ideal opportunity for investors, entrepreneurs, or developers. Beyond its current use, the additional land allows for exciting possibilities: build another structure, creative an income-producing nightly vacation rental or construct an additional private residence on the back lot. The existing building is designed to seat 50+ guests, featuring indoor and outdoor dining areas, a welcoming front porch, two entrances, two bathrooms, and ADA accessibility. Two off-street parking areas provide approximately 30 parking spaces, offering convenience for both patrons and staff. Recent updates include new wood lap siding, exterior paint, window frames, interior paint, kitchen flooring, a modern grease trap, signage, and an on-site storage shed. This offering is for the real estate only, with business and restaurant equipment negotiable separately. Owner financing is available. Please do not approach the tenant. ***Contact us today for details and to schedule a private tour.