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The Raintree Restaurant 102 San Marco Ave 5,900 SF Retail Building Saint Augustine, FL 32084 $5,600,000 ($949.15/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility on San Marco Avenue
- Ample parking for customers
- Modern amenities within historic charm
- Spacious interior for flexible layout
- Strong potential for foot traffic
- 150 Seats Indoor Capacity plus Outside Seating
EXECUTIVE SUMMARY
Positioned on highly visible San Marco Avenue in the heart of historic St. Augustine, the Raintree Restaurant offers exceptional exposure along one of the city’s primary north-south corridors, connecting visitors directly to downtown, and the surrounding historic district. The property benefits from its strategic location near St. George Street, hotels, bed and breakfasts, and popular tourist destinations, ensuring consistent local and visitor traffic throughout the year. Ample on-site parking, a rarity in St. Augustine, further enhances customer accessibility and operational ease for continued restaurant or alternative hospitality uses. Offered for sale is the landmark Raintree Restaurant, a celebrated dining destination with over 45 years of continued successful operation in St. Augustine. Housed in a charming Victorian structure with lush outdoor garden spaces, the property offers a turnkey opportunity for a restaurateur or hospitality investor seeking an established location with a strong customer base and proven history. The restaurant’s website raintreerestaurant.com showcases its reputation for quality dining experiences in a distinctive setting, drawing both locals and tourists. With its excellent visibility, established brand recognition, and rare on-site parking, the Raintree is well-positioned for new ownership to continue and expand upon its legacy in one of Florida’s most visited historic cities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,900 SF
Building Class
B
Year Built
1879
Price
$5,600,000
Price Per SF
$949.15
Cap Rate
6.50%
NOI
$364,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.39 AC
Zoning
Commercial Low Two - The CL-2 district is intended to apply to areas where low intensity commercial uses may be located to serve one (1) or more neighborhoods.
Parking
28 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $127,563 | Total Assessment | $1,000,181 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$127,563
Improvements Assessment
$0
Total Assessment
$1,000,181
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The Raintree Restaurant | 102 San Marco Ave
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