Historical 12.74% cap rate opportunity in one of Florida's fastest-growing markets. The offering includes an established restaurant operation, real estate, and adaptable mixed-use space along a primary Northeast Florida corridor within 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, with dine-in and takeout service.
The established operation includes full-time management staff and an experienced pizza maker, providing operational continuity for a new owner. The site includes +/-248 feet of corner frontage and is +/-400 feet from the signalized intersection of SR 207 and CR 13/N.
Main Street, with FDOT 2025 traffic counts of 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 workflow designed for dine-in and takeout service.
The ice cream component includes its own entrance and walk-up service window. The currently rented second- and third-floor space includes four private rooms and two bathrooms with separate exterior access, generating additional revenue. The space offers 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), repip
ing of new fixtures (2023), NFPA 13D wet sprinkler system installation (2023), and outdoor dining deck seating up to 48 guests (2023). Operating statements available to qualified buyers. Based on current, historical, and annualized performance, the asset demonstrates strong cash flow that may appeal to 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 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.
