56 Grove Avenue, Saint Augustine, FL 32084

Saint Augustine
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
56 Grove Avenue,St Augustine, FL 32084
$1,950,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: frank o'rourke
Office: one sotheby's int (a1a beach)
MLS#:255873
Source:FL_SASJCBR

Price summary

  • Price:$1,950,000

About this home

Mixed use property in a prime downtown location in Florida's premier historic destination. This extensively upgraded property is made up of two buildings. One building, circa 1920, consists of a ground floor commercial space currently used as a restaurant, with two residential apartments upstairs. The upstairs units have separate entrances and parking and are currently occupied with long term tenants. The highest and best use to maximize rental income could be a conversion to one or two short term rentals. The proximity and walkability to the historic area of Saint Augustine make this a highly desirable option. The commercial tenant is in a long term lease and has a reputation as one of the finest restaurants in north Florida. In addition, there is a separate, stand alone cottage circa 1917, with a long term tenant. The buildings have strong demand due to the excellent location and on site parking. Tremendous opportunity to generate stable rental income.

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Home facts

  • Listing ID #:255873
  • Added:1 day(s) ago
  • Updated:March 05, 2026 at 03:49 PM

Structure and exterior

  • Construction Materials:Frame

Finances and disclosures

  • Price:$1,950,000

Features and amenities

  • Amenities:Internet, Parking

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