Courtesy of: KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
Days On Market: 491
Address: 84 THEATRE DR
County: St. Johns
City: St Augustine
Neighborhood: 337-old Moultrie Rd/wildwood
Established in 1989, this turn-key pizzeria occupies 1,447 SF with 45 seats and is located in a shadow retail center surrounding Epic Movie Theatres. This pizza restaurant is located in a rapidly growing area with roughly 1,000 new homes in the last two years and an estimated 2,500+ homes, 2,000 multi family units and 4,000,000+ SF of commercial space including office, light industrial, hotel and medical offices slated for development in the next couple years within a 3 mile radius. Currently the restaurant is primarily dine-in and to-go with plenty of growth potential for the delivery side if desired. Serving lunch and dinner 6 days a week with 2 full-time and 8-9 part time employees, including one owner-operator. Menu items include pizzas, pasta, subs and salads. This turn-key business is being offered with all furniture, fixtures and equipment and current lease in place with three years remaining. The current tenant mix includes a movie theater, salon, coffee shop, dance studio and outparcels to the center including Planet Fitness, car wash and fast food as well as a new 26,000 SF medical facility nearby. Located in a very busy mixed-use corridor of St. Augustine with surrounding residential well-established and still continuing to grow, the 2020 average annual daily traffic counts for this intersection are 34,000 cars per day on SR 207 to the north/east, 29,000 cars per day on SR 207 to the south/west and 17,000 cars per day on Holmes Blvd to the north/west.