Donna Hodges

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Listing provided courtesy of One Sotheby's Int (A1A Beach)- MLS# 255873MLS Provider

56 Grove AvenueSt Augustine, FL 32084

Multi-Family
$1,850,000 Active

56 Grove Avenue Overview

Time on Site:
251 days
Visits:
6

Mixed-use property in a prime downtown location in Florida's premier historic destination. This extensively upgraded property is made up of two buildings. One building, circa 1920, consists of a ground-floor commercial space currently used as a restaurant, with two residential apartments upstairs. The upstairs units have separate entrances and parking and are currently occupied with long-term tenants. The Highest and Best Use to maximize rental income could be a conversion to one or two short-term rentals. The proximity and walkability to the Historic area of St. Augustine make this a highly desirable option. The commercial tenant is in a long-term lease and has a reputation as one of the finest restaurants in North Florida! In addition, there is a separate, stand-alone cottage circa 1917, with a long-term tenant. The buildings have strong demand due to the excellent location and on-site parking. Tremendous opportunity to generate stable rental income.

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56 Grove Avenue Facts & Features

  • Type Multi-Family

Details

General

Location/Region

  • County Or Parish: St. Johns
  • MLS Area Major: 04
  • Subdivision Name: Kingsland Addition

General Information

  • Parcel Number: 194110-0000
  • Property Sub Type: Triplex
  • Property Type: MULTIFAMILY
  • Zoning: CM-2

Interior

Exterior

Lot Information

  • Lot Size Dimensions: 50 x 255

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame

56 Grove Avenue Neighborhood

Community

32084 (St. Augustine) Demographics

43
Median Age
699
Population Density (per sq. mile)
37%
College Educated
$54,519
Estimated Median Income
8,998
Estimated Total Home Owners
4,013
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

56 Grove Avenue Monthly Cost

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$ %
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$
$
Meredith Medvec
Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

56 Grove Avenue Market Data

Based on the last 30 days in this zip code

$595,146
Average List Price
$353
Average Price per Square Foot
127
Properties Sold
115
Average Days on Market
597
Properties for Sale
Calculations provided by Reliance Network

56 Grove Avenue History

Date Event Value Agent
6/5/2026Source: St. Johns/St. Augustine MLS Price Reduction
$1,850,000 -5.1%
6/5/2026Source: St. Johns/St. Augustine MLS Price Reduction
$1,850,000 -5.1%
10/21/2025Source: St. Johns/St. Augustine MLS Added to Database
October 21, 2025
9/9/2025Source: St. Johns/St. Augustine MLS Added to Database
September 09, 2025