Home for Sale at 47 CORDOVA Street, St Augustine, FL 32084

47 Cordova Street
St Augustine, FL 32084

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Property Details

List Price:	$1,975,000
Beds:	--
Baths:	--
Status:	Active
SqFt:	2156
Agency:	Great Expectations Realty

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Description/Comments

Lot Size:	--
Property Type:	Commercial
Year Built:	1900
Notes:	Fully renovated commercial building w/ Turn Key Bakery, Cafe, & Coffee Shop - Assets included. Zoning allows for Residential or Short Term rental use, though current use is a cafe/bakery that serves coffee, beer & wine. This stunning Historic building was originally built in 1900 but was completely renovated in 2014. The full renovation included everything from a new slab, new structural supports and framing, walls, new electrical, plumbing, roof, HVAC, fixtures, and more. The complete renovation was done to conform with HARB requirements as well as the Ad Valorem tax exemption, making the new effective age of the building 2014. Currently the property is used to house a Bakery & Coffee shop with both a front and back pavered patio for guests. As you walk through the front door the charm and natural bright light will envelope you. The spacious front seating area looks out through a beautiful bay window onto Cordova Street, one of the busiest streets in Historic downtown. The downstairs includes a large space for retail or cafe service, a small prep room with sink and storage, and two handicap accessible restrooms. From there you can exit through to the back deck with shared storage space and a walk-in. Upstairs is an additional area for dining or private parties, a large full kitchen with walk-in cooler, hood system, and private office. This location is less than a block from Flagler College and on the route of both trolley trains and carriage tours. HP3 Zoning allows for numerous uses to include: gallery, short term rentals, retail, restaurant service, antiques, & office space . Recent Updates include: New AC units - 2021-22, New grease trap 2021-22, Weather proofed shed 2023, Updated back patio - 2022 with new brick, removal of tree and fresh paint along with new fences. Impact fee paid for 70 Seats. This purchase includes all physical assets and equipment to open a turnkey business. Name & Proprietary Assets do not convey - Financials not available.
MlsNumber:	1239899

Listing Provided By:	Great Expectations Realty, original listing
Name:	Great Expectations Realty
Phone:	(904) 823-3456
Office Name:	GREAT EXPECTATIONS REALTY
Office Phone:	(904) 823-3456
Agent Name:	JENA DENNIS
Disclaimer:	Copyright Â© 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

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