Property Description

RARE HISTORIC DOWNTOWN ST. AUGUSTINE COMMERCIAL / MIXED-USE OPPORTUNITY Positioned in the heart of Historic Downtown St. Augustine, just steps from Flagler College and St. George Street, 47 Cordova Street presents a rare opportunity to acquire a beautifully renovated historic property with exceptional flexibility for an owner-user, hospitality operator, retailer or investor. Located along highly traveled Cordova Street and directly on the route of St. Augustine's trolley trains and carriage tours, the property combines historic character, strong visibility and proximity to one of Florida's most visited historic destinations. A PROPERTY WITH MULTIPLE POSSIBILITIES HP3 zoning provides flexibility for a variety of potential uses, including restaurant, retail, gallery, antiques, office, residential and short-term rental uses, subject to applicable approvals and regulations. The property is currently configured as a turnkey bakery, caf and coffee shop, with substantial restaurant infrastructure and physical assets included in the sale. This creates an opportunity for a new operator to substantially reduce the time and expense normally associated with building out a downtown food-and-beverage location. Alternatively, the property's layout and zoning create intriguing possibilities for boutique retail, professional office, gallery, hospitality, residential or mixed-use concepts. EXTENSIVELY RENOVATED HISTORIC BUILDING Originally constructed in 1900, the building underwent a comprehensive renovation in 2014 completed in accordance with HARB requirements and the property's Ad Valorem tax exemption. Improvements included a new slab, structural supports and framing, walls, electrical, plumbing, roof, HVAC, fixtures and additional building systems-preserving the character of the historic structure while substantially modernizing the property. Additional improvements have included newer HVAC units, an updated grease trap, improvements to the rear patio and fencing, weatherproofing of the storage structure and other property enhancements. TURNKEY RESTAURANT & HOSPITALITY INFRASTRUCTURE The first floor features a bright, welcoming commercial space with a prominent bay window overlooking Cordova Street, a service/retail area, prep area with sink and storage, two ADA-accessible restrooms and access to the rear patio and additional storage. The second floor provides additional dining, event or flexible-use space, along with a full commercial kitchen featuring a hood system, walk-in cooler and private office. Both front and rear paver patios expand the property's usable hospitality space and contribute to its distinctive downtown atmosphere. Impact fees have previously been paid for 70 seats, providing significant value to a future restaurant or hospitality operator. AN EXCEPTIONAL DOWNTOWN LOCATION 47 Cordova Street sits less than a block from Flagler College and within easy walking distance of St. George Street, the Plaza de la Constitucin, downtown attractions, restaurants, shops, galleries and the historic bayfront. Few properties offer this combination of: "¢ Historic Downtown St. Augustine location "¢ Flexible HP3 zoning "¢ Extensive building renovation "¢ Existing restaurant infrastructure "¢ Commercial kitchen, hood system and walk-in cooler "¢ Front and rear patios "¢ Previously paid impact capacity for 70 seats "¢ Visibility along Cordova Street "¢ Trolley and carriage-tour exposure "¢ Proximity to Flagler College and St. George Street