$2,500,000
62 Cuna Street St Augustine, FL 32084
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$2,500,000
Est. payment /mo
6 BA
740 Sqft Lot
Active
62 Cuna Street St Augustine, FL 32084
UPDATED:
09/10/2024 08:49 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 234023
Full Baths 6
HOA Y/N No
Year Built 1900
Annual Tax Amount $622
Tax Year 2022
Lot Size 740 Sqft
Acres 0.017
Property Description
Explore a lucrative income-producing opportunity with the Pomar House, a meticulously renovated property nestled in the heart of St. Augustine's historic downtown district. This investment gem seamlessly blends historical charm with modern amenities, promising not just a piece of history but a thriving income stream. The Pomar House, formerly a historic landmark, has been transformed into a versatile mixed-use commercial property. A major tenant, Modern Rose has been secured with a 5-year lease with a potential for an additional 5 years on the 1st floor. While the 2nd floor boasts 4 short-term vacation rentals. This property serves as a prime hub for tourism in the nation's oldest city. The four rental units, including three thoughtfully designed studio spaces and a spacious two-bedroom haven, are meticulously crafted for maximum comfort. The two-bedroom unit adds to the allure with a spacious balcony, offering a unique and enticing perspective of the bustling Cuna Street below. Beyond the allure of its architecture, the Pomar House is strategically positioned to capitalize on St. Augustine's robust tourism industry. Just a short stroll away from the vibrant St. George Street, this property provides unparalleled access to the city's countless shops, restaurants, and historic attractions. The location ensures a consistent flow of visitors, making the Pomar House an ideal income-generating asset. Complementing the short-term vacation rentals are two commercial spaces on the first floor, presenting an opportunity for entrepreneurs to tap into the dynamic local business scene. St. Augustine's tourism, deeply woven into the city's fabric, guarantees a steady stream of potential customers. Investing in the Pomar House means not just owning a piece of St. Augustine's history but also securing a robust income-producing property. Take advantage of the city's vibrant tourism and let the Pomar House be your gateway to a thriving investment in the heart of this historic destination.
Location
State FL
County St. Johns
Area 04
Location Details Business District,Other-See Remarks
Interior
Interior Features Fire Sprinkler System, Fixtures, Furniture, Handicapped Access, Handicapped Restroom, Security System
Heating Central A/C, Electric, Zoned
Cooling Central A/C, Electric, Zoned
Exterior
Exterior Feature Onsite Parking
Garage 4
Garage Spaces 4.0
Water Access Desc No
Roof Type Composition,Flat
Total Parking Spaces 4
Building
Story 2
Foundation Piles
Water City
Level or Stories 2
Structure Type Wood
Listed by Berkshire Hathaway Homeservices Florida Network Realty-Murabella
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