Corner Restaurant with Adaptable
125 N MAIN ST Hastings, FL 32145
For Sale
Contact for pricing
Corner restaurant property with a dine-in/takeout first floor and separate second- and third-floor space with exterior access.
Property Size3,964 SF
Price / SF$226.79
Days on Market79
Property Features for 125 N MAIN ST
General Information
- Standard status
- Active
- Size
- 3,964 SF
- Property subtype
- Mixed Use, Business for Sale, Retail
Building Details
- Year Built
- 2024
Listing Agency:
Century 21 J W Morton Real Estate Inc
Listed By:
Rich Fernley · License #FL
Source:
Crexi
Added: May 8
Changed: Jul 23
Last Checked: Jul 24 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 J W Morton Real Estate Inc
Investment Insights
Based on property information with market context.
This for-sale restaurant and mixed-use property includes an established first-floor operation designed for both dine-in and takeout service. The restaurant features a gas-fired pizza oven, stainless prep areas, commercial refrigeration, a three-compartment sink system, dedicated prep and storage areas, and a POS system. An additional ice cream component includes its own entrance and walk-up service window.
The second and third floors provide adaptable space with approximately four bedrooms and two bathrooms, along with separate exterior access. Recent capital improvements include electrical upgrades with additional circuits and panel capacity, a covered roof addition over the dining area, interior renovations, wiring of the 2nd and 3rd floors, repiping of new fixtures, NFPA 13D wet sprinkler system improvements, and an outdoor dining deck constructed with seating for approximately 48 guests.
The property has approximately 248 feet of corner frontage and is located approximately 400 feet from the signalized intersection of SR 207 and CR 13/N Main Street. Public water and sewer service is provided, and the space is stated to be suitable for multiple uses permitted under St. Johns County Commercial General (CG) zoning. Historical operating statements are available to qualified buyers, and all financial performance should be independently verified by the buyer.
The second and third floors provide adaptable space with approximately four bedrooms and two bathrooms, along with separate exterior access. Recent capital improvements include electrical upgrades with additional circuits and panel capacity, a covered roof addition over the dining area, interior renovations, wiring of the 2nd and 3rd floors, repiping of new fixtures, NFPA 13D wet sprinkler system improvements, and an outdoor dining deck constructed with seating for approximately 48 guests.
The property has approximately 248 feet of corner frontage and is located approximately 400 feet from the signalized intersection of SR 207 and CR 13/N Main Street. Public water and sewer service is provided, and the space is stated to be suitable for multiple uses permitted under St. Johns County Commercial General (CG) zoning. Historical operating statements are available to qualified buyers, and all financial performance should be independently verified by the buyer.
Key Highlights
- 2024‑built corner restaurant property with approx. 248 FT of corner frontage
- First‑floor restaurant setup for dine‑in and takeout, including gas‑fired pizza oven, commercial refrigeration, and POS system
- Separate ice cream component with its own entrance and walk‑up service window
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.4k | $18.00 |
| − Vacancy | −$7.3k | −$1.85 |
| EGI | $64.0k | $16.15 |
| − OpEx | −$16.0k | −$4.04 |
| NOI | $48.0k | $12.11 |
3,964 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$685.7K
$600.0K – $800.0K
NOI $48,002 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$640.0K
$560.0K – $746.7K
NOI $44,802 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.06M
$925.2K – $1.23M
NOI $74,016 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Main St Pizza ...
Restaurant
Hershey’s Ice Cream
Grocery & Convenience Store
FAQs
What type of property is this?
Conventional restaurant - Corner restaurant property with a dine-in/takeout first floor and separate second- and third-floor space with exterior access.
Where is this conventional restaurant located?
The property is located at 125 N MAIN ST Hastings, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2024‑built corner restaurant property with approx. 248 FT of corner frontage; First‑floor restaurant setup for dine‑in and takeout, including gas‑fired pizza oven, commercial refrigeration, and POS system; Separate ice cream component with its own entrance and walk‑up service window
