125 N Main St - Restaurant FOR SALE


Hastings, FL 32145
$899,000 USD
352-464-2664
125 N Main St, Hastings, FL for Sale
$899,000 USD
Restaurant - FOR SALE
1/100
null | 12.74% Cap Rate

NEW


125 N Main St
Hastings, FL 32145


HIGHLIGHTS

  • Established operating restaurant with separate ice cream revenue component; financials available to qualified buyers (12.74% Cap Rate)
  • Approx. 248 FT of corner frontage 400 FT from signalized SR 207/CR 13 intersection with FDOT traffic counts ranging 21,000–24,000 AADT
  • Recent capital improvements include commercial electrical upgrades, plumbing updates, covered outdoor dining, and wet sprinkler system installation
  • Flexible second- and third-floor space suitable for office, storage, operational support, or other uses permitted under St. Johns County (CG) zoning
  • St. Johns County, one of Florida’s fastest-growing counties, within the Jacksonville, FL MSA, Florida’s fourth-largest metro area
  • St. Johns County projected to grow approximately 49.2% by 2045 according to Florida EDR population projections

OVERVIEW

High-visibility restaurant and mixed-use investment opportunity. The offering includes an established restaurant operation, underlying real estate, and adaptable space within one asset. The property features approximately 248 FT of corner frontage and is located 400 FT from the signalized intersection of SR 207 and CR 13/N. Main Street with FDOT 2025 traffic counts ranging from 21,000–24,000 AADT. Located in St. Johns County—one of Florida’s fastest-growing counties according to U.S. Census Bureau Vintage 2024 estimates and University of Florida BEBR 2024 population data—the property is positioned between Palatka and St. Augustine along a primary Northeast Florida corridor within the Jacksonville MSA, Florida’s fourth-largest metro area with an estimated 2023 GDP exceeding $129 billion according to U.S. Bureau of Economic Analysis data. Downtown Hastings continues to see public and private investment, including the new Hastings Community Center and Library scheduled to open in 2026 and the ongoing redevelopment of the historic Hastings High School into a First Coast Technical College campus as part of a $21 million investment in the area. The Main Street corridor features a blend of locally owned small businesses and nationally recognized brands serving the growing surrounding market. The first-floor restaurant includes commercial kitchen infrastructure featuring a gas-fired pizza oven, stainless prep areas, commercial refrigeration, three-compartment sink system, dedicated prep and storage areas, POS system, and operational workflow designed for dine-in and takeout service. A separate ice cream component includes its own entrance and walk-up service window, creating an additional revenue source. The second and third floor space features approximately four bedrooms and two bathrooms with separate exterior access, offering flexible space suitable for office, storage, operational support, or other uses permitted under St. Johns County Commercial General (CG) zoning. Recent capital improvements include electrical upgrades with additional circuits, added panel capacity, and 120/208V commercial electrical infrastructure (2025), covered roof addition over the dining area (2024), interior renovations (2023), new wiring of 2nd and 3rd floors (2023), repiping of new fixtures (2023), NFPA 13D wet sprinkler system installation (2023), and outdoor dining deck construction seating up to 48 guests (2023). Operating statements available to qualified buyers. Based on current, historical, and annualized operating performance, the property demonstrates strong cash-flow that may appeal to both investors and owner-operators. Buyer to independently verify all financial performance and underwriting assumptions. Rare opportunity to acquire a cash-flowing restaurant operation with adaptable space, multiple revenue components, public water and sewer service, corridor visibility, and recent property improvements within one of Northeast Florida’s fastest-growing regions. ***Showings by Appointment Only***

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

12.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Established Restaurant | Jacksonville, FL MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

CG

APN/PARCEL ID

045600-0000

ASK ABOUT THIS PROPERTY

Richard FernleyCentury 21 J.W. Morton Real Estate, Inc.More Info
352-464-2664

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Richard FernleyCentury 21 J.W. Morton Real Estate, Inc.More Info
352-464-2664

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.