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12.74% Cap Restaurant | Jacksonville, FL MSA 125 N Main St 3,964 SF Retail Building Hastings, FL 32145 $899,000 ($226.79/SF) 12.74% Cap Rate
Investment Highlights
- Established operating restaurant with separate ice cream revenue component; financials available to qualified buyers (12.74% Cap Rate)
- Recent capital improvements include commercial electrical upgrades, plumbing updates, covered outdoor dining, and wet sprinkler system installation
- St. Johns County, one of Florida’s fastest-growing counties, within the Jacksonville MSA, Florida’s fourth-largest metro area
- 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
- Flexible 2nd and 3rd-floor space suitable for residential occupancy, operational support, expanded dining operations, and other permitted uses.
- St. Johns County projected to grow approximately 49.2% by 2045 according to Florida EDR population projections
Executive Summary
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. ***Showings by Appointment Only***
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. ***Showings by Appointment Only***
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,964 SF
Building Class
B
Year Built/Renovated
1911/2023
Price
$899,000
Price Per SF
$226.79
Cap Rate
12.74%
NOI
$114,550
Tenancy
Single
Building Height
3 Stories
Building FAR
0.27
Lot Size
0.34 AC
Zoning
CG - Commercial General
Parking
26 Spaces (6.56 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Fenced Lot
- Pylon Sign
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 045600-0000 | Total Assessment | $413,427 |
| Land Assessment | $74,050 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $339,377 | Tax Year | 2026 |
Property Taxes
Parcel Number
045600-0000
Land Assessment
$74,050
Improvements Assessment
$339,377
Total Assessment
$413,427
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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12.74% Cap Restaurant | Jacksonville, FL MSA | 125 N Main St
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