125 N Main ST, Hastings, FL 32145
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125 N Main ST, Hastings, FL 32145
125 N Main ST, Hastings, FL 32145
125 N Main ST, Hastings, FL 32145
125 N Main ST, Hastings, FL 32145
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Listed by Richard Fernley • Century 21 J.W.Morton R.E.
$ 899,000
Est. payment /mo
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125 N Main ST Hastings, FL 32145

0.34 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Not On List

MLS Listing ID 854590

HOA Y/N No

Year Built 1911

Annual Tax Amount $3,134

Tax Year 2025

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Retail

Property Description

12.74% cap rate opportunity in one of Florida's fastest-growing markets. The offering includes an established restaurant operation, underlying real estate, and adaptable mixed-use space within a strategically positioned asset located along a primary Northeast Florida corridor in the Jacksonville MSA. The Jacksonville MSA is Florida's fourth-largest metro area with an estimated 2023 GDP exceeding $129 billion according to U.S. Bureau of Economic Analysis data.

The asset features multiple revenue streams through its restaurant and ice cream operations, supported by both dine-in and takeout service channels. The site also includes approximately 248 feet of corner frontage and is located 400 feet 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.

The first-floor restaurant contains a commercial kitchen featuring a gas-fired pizza oven, stainless prep areas, commercial refrigeration, three-compartment sink system, prep and storage areas, POS system, and operational workflow designed for dine-in and takeout service. The separate ice cream component includes its own entrance and walk-up service window.

The second- and third-floor space includes four private rooms and two bathrooms with separate exterior access. The space offers flexible use potential for residential or office occupancy, storage, operational support, expanded dining operations, or other uses permitted under St. Johns County Commercial General (CG) zoning. Buyer to verify permitted use and occupancy requirements.

Recent capital improvements include upgraded 120/208V commercial electrical service with expanded panel capacity (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 asset demonstrates strong cash flow that may appeal to both investors and owner-operators. Buyer to independently verify all financial performance and underwriting assumptions.

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 data—the location benefits from continued investment in downtown Hastings, including the new Hastings Community Center and Library scheduled to open in 2026 and the ongoing $21 million redevelopment of the historic Hastings High School into a First Coast Technical College campus.

Rare opportunity to acquire an income-producing mixed-use restaurant asset with operational infrastructure, multiple revenue streams, recent capital improvements, public water and sewer, and long-term growth potential along an expanding Northeast Florida corridor between St. Augustine and Palatka.

Location

State FL

Area 30

Zoning Out of County

Interior

Interior Features High Ceilings, In-Law Floorplan, Stone Counters, Updated Kitchen, Second Floor Entry, First Floor Entry, Sliding Glass Door(s)

Heating Heat Pump

Cooling Central Air, Ductless, Wall/Window Unit(s)

Flooring Carpet, Luxury Vinyl Plank, Tile, Wood

Fireplace No

Exterior

Exterior Feature Deck, Landscaping, Lighting

Parking Features Parking Pad, Unpaved

Fence Chain Link, Vinyl

Utilities Available High Speed Internet Available

Water Access Desc Public

Roof Type Metal

Present Use Mixed Use,Restaurant

Porch Deck, Wood

Total Parking Spaces 26

Building

Lot Description Cleared, Corner Lot, Flat, Rectangular

Faces East

Story 3

Entry Level Three Or More

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Additional Building Shed(s)

New Construction No

Others

Tax ID 0456000000

Security Features Fire Sprinkler System

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard


Ryan Fowler
Ryan Fowler

Broker | License ID: BK3653268

+1(352) 270-4727 | ryan@fowlr.net

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125 N Main ST