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117 Martin Luther King Ave 2,055 - 4,110 SF of Space Available in Saint Augustine, FL 32084
Highlights
- Lincolnville Neighborhood
- High Traffic Area
- Popular Location
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,055 SF | 3-5 Years | $38.27 CAD/SF/YR $3.19 CAD/SF/MO $78,646 CAD/YR $6,554 CAD/MO | Modified Gross | ||
| 2nd Floor | 2,055 SF | 3-5 Years | $30.07 CAD/SF/YR $2.51 CAD/SF/MO $61,793 CAD/YR $5,149 CAD/MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Central Air and Heating
2nd Floor
Residential space.
- Listed rate may not include certain utilities, building services and property expenses
- Fits 6 - 17 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 117 Martin Luther King Ave, Saint Augustine, FL 32084
- Tenant
- Description
- US Locations
- Reach
- Blue Hen Cafe
- Restaurant
- 1
- -
- David Thorpe
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| Blue Hen Cafe | Restaurant | 1 | - |
| David Thorpe | - | 1 | - |
Property Facts
| Total Space Available | 4,110 SF | Gross Leasable Area | 4,110 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Restaurant | Parking Ratio | 1.95/1,000 SF |
| Total Space Available | 4,110 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,110 SF |
| Year Built | 1930 |
| Parking Ratio | 1.95/1,000 SF |
About the Property
Located in the historic Lincolnville neighborhood in downtown St. Augustine. The entire building is available for lease. (Both upstairs and downstairs.) The downstairs unit features a perfect space for a cafe. In fact, currently the space is being operated as one. (Cornerstone Cafe). The upstairs unit features two residential units that can be utilized as long term rentals or short term rentals. The cafe space (downstairs) is available for lease for $4800.00 per month. Formerly Blue Hen Cafe and currently Cornerstone Cafe, this space is perfect for an operator looking to expand their business into a popular area. The residential space(2 units upstairs) is available for lease for $3800.00 per month. First, Last and Security due at signing. Owner will entertain a 3-5 year lease.
- 24 Hour Access
- Restaurant
- Air Conditioning
Nearby Major Retailers
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117 Martin Luther King Ave
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