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Restaurant Investment | Jacksonville, FL MSA 125 N Main St 3,964 SF Retail Building Hastings, FL 32145 $1,228,753 CAD ($309.98 CAD/SF) 12.74% Cap Rate
Investment Highlights
- Established operating restaurant with separate ice cream revenue component and historical financials available to qualified buyers
- Recent capital improvements including commercial electrical upgrades, plumbing updates, and covered outdoor dining
- Located within Hastings’ ongoing downtown revitalization and the expanding Jacksonville MSA
- Approx. 248 FT of corner frontage near signalized SR 207 intersection with 21,000–24,000 AADT
- Flexible second- and third-floor space suitable for office, storage, operational support, or other uses permitted under St. Johns County (CG) zoning
Executive Summary
High-visibility restaurant and mixed-use investment opportunity. The offering includes an established restaurant operation and underlying real estate with adaptable space within one asset. The property features approximately 248 FT of corner frontage and is located approximately 400 FT from the signalized intersection of SR 207 and CR 13/N. Main Street with FDOT 2025 traffic counts of approximately 21,000–24,000 AADT.
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 2024 population data—the property is positioned between Palatka and St. Augustine along a primary Northeast Florida corridor within the Jacksonville MSA, Florida’s fourth-largest metro area with an estimated 2023 GDP exceeding $129 billion according to U.S. Bureau of Economic Analysis data. Downtown Hastings continues to see public and private investment, including the new Hastings Community Center and Library scheduled to open in 2026 and the ongoing redevelopment of the historic Hastings High School into a First Coast Technical College campus as part of an approximately $21 million investment in the area. The Main Street corridor features a blend of locally owned small businesses and nationally recognized brands serving the growing surrounding market.
The first-floor restaurant includes a gas-fired pizza oven, stainless prep areas, commercial refrigeration, three-compartment sink system, dedicated prep and storage areas, POS system, and operational workflow designed for dine-in and takeout service. A separate ice cream component includes its own entrance and walk-up service window, creating an additional revenue source.
The second and third floor space features approximately four bedrooms and two bathrooms with separate exterior access, offering flexible space suitable for office, storage, operational support, or other uses permitted under St. Johns County Commercial General (CG) zoning.
Recent capital improvements include electrical upgrades including additional circuits, added panel capacity, and 120/208V commercial electrical infrastructure (2025), covered roof addition over the dining area (2024), interior renovations (2023), wiring of 2nd and 3rd floors (2023), repiping of new fixtures (2023), NFPA 13D wet sprinkler system improvements (2023), and outdoor dining deck construction seating approximately 48 guests (2023).
Historical operating statements available to qualified buyers. Based on historical and annualized operating performance, the property reflects strong cash-flow potential with projected returns that may appeal to both investors and owner-operators. Buyer to independently verify all financial performance and underwriting assumptions.
Rare opportunity to acquire an established restaurant operation with adaptable space, multiple revenue components, public water and sewer service, corridor visibility, and recent property improvements within one of Northeast Florida’s fastest-growing regions.
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 2024 population data—the property is positioned between Palatka and St. Augustine along a primary Northeast Florida corridor within the Jacksonville MSA, Florida’s fourth-largest metro area with an estimated 2023 GDP exceeding $129 billion according to U.S. Bureau of Economic Analysis data. Downtown Hastings continues to see public and private investment, including the new Hastings Community Center and Library scheduled to open in 2026 and the ongoing redevelopment of the historic Hastings High School into a First Coast Technical College campus as part of an approximately $21 million investment in the area. The Main Street corridor features a blend of locally owned small businesses and nationally recognized brands serving the growing surrounding market.
The first-floor restaurant includes a gas-fired pizza oven, stainless prep areas, commercial refrigeration, three-compartment sink system, dedicated prep and storage areas, POS system, and operational workflow designed for dine-in and takeout service. A separate ice cream component includes its own entrance and walk-up service window, creating an additional revenue source.
The second and third floor space features approximately four bedrooms and two bathrooms with separate exterior access, offering flexible space suitable for office, storage, operational support, or other uses permitted under St. Johns County Commercial General (CG) zoning.
Recent capital improvements include electrical upgrades including additional circuits, added panel capacity, and 120/208V commercial electrical infrastructure (2025), covered roof addition over the dining area (2024), interior renovations (2023), wiring of 2nd and 3rd floors (2023), repiping of new fixtures (2023), NFPA 13D wet sprinkler system improvements (2023), and outdoor dining deck construction seating approximately 48 guests (2023).
Historical operating statements available to qualified buyers. Based on historical and annualized operating performance, the property reflects strong cash-flow potential with projected returns that may appeal to both investors and owner-operators. Buyer to independently verify all financial performance and underwriting assumptions.
Rare opportunity to acquire an established restaurant operation with adaptable space, multiple revenue components, public water and sewer service, corridor visibility, and recent property improvements within one of Northeast Florida’s fastest-growing regions.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| 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
$1,228,753 CAD
Price Per SF
$309.98 CAD
Cap Rate
12.74%
NOI
$156,567 CAD
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 | $563,774 CAD |
| Land Assessment | $100,979 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $462,795 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
045600-0000
Land Assessment
$100,979 CAD
Improvements Assessment
$462,795 CAD
Total Assessment
$563,774 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Restaurant Investment | Jacksonville, FL MSA | 125 N Main St
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