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84 THEATRE DR #200 St Augustine, FL 32086
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Key Details
Sold Price $120,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,447 sqft
Price per Sqft $82
MLS Listing ID 1123736
Sold Date 06/13/23
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Property Sub-Type Mixed Use
Property Description
Established in 1989, this turn-key pizzeria occupies 1,447 SF with 45 seats and is located in a shadow retail center surrounding Epic Movie Theatres. This pizza restaurant is located in a rapidly growing area with roughly 1,000 new homes in the last two years and an estimated 2,500+ homes, 2,000 multi family units and 4,000,000+ SF of commercial space including office, light industrial, hotel and medical offices slated for development in the next couple years within a 3 mile radius. Currently the restaurant is primarily dine-in and to-go with plenty of growth potential for the delivery side if desired. Serving lunch and dinner 6 days a week with 2 full-time and 8-9 part time employees, including one owner-operator. Menu items include pizzas, pasta, subs and salads. This turn-key business is being offered with all furniture, fixtures and equipment and current lease in place with three years remaining. The current tenant mix includes a movie theater, salon, coffee shop, dance studio and outparcels to the center including Planet Fitness, car wash and fast food as well as a new 26,000 SF medical facility nearby. Located in a very busy mixed-use corridor of St. Augustine with surrounding residential well-established and still continuing to grow, the 2020 average annual daily traffic counts for this intersection are 34,000 cars per day on SR 207 to the north/east, 29,000 cars per day on SR 207 to the south/west and 17,000 cars per day on Holmes Blvd to the north/west.
Location
State FL
County St. Johns
Area 337-Old Moultrie Rd/Wildwood
Direction From SR 312 & US 1 head west on SR 312, left at the light on SR 207, left at the light on Rolling Hills Drive, left on Theatre Drive to Suite 200.
Interior
Heating Central
Exterior
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Read Less
Bought with NON MLS (realMLS)