According to public records Pete’s Bar, two adjoining properties sold for $5 million.
However total sale is estimated at $8 million to $11 million, that estimate amount includes the liquor licence and "blue sky" for the business that has operated since 1933.
Also:
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Smoking will no longer be allowed inside. There will be a smoking area behind the bar.
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Etienne Lagniappe Inc. of Neptune Beach officially sold to Pierre’s LLC of Ponte Vedra Beach on Dec. 14. The acreage totals 0.39 acres.The1,416' cottage at 120 Lemon St. was built in 1917. It has a taxable value of $391,056. The second 1,698' cottage at 110 Lemon St. was built in 1917. It has a taxable value of $449,435. Pete’s Bar occupies 117 First St. is 3,956 square feet with a taxable value of $528,500.
-Pete’s Bar was started in 1933 by Peter Jensen, Then he applied and was awarded the very first liquor license in Duval County after Prohibition was repealed in 1938.
-In addition to the bar the purchase there are two cottages, a space including a jewelry store, tourist gift shop. and a small barbecue stand facing east.
Reopening very soon.
