Property Description

This 2.53 acre site features 2.1 acres fronting SR 16 with approx 272 front footage including the East 1/2 of driveway. The 2.53 includes a proportionate share(approx .43 acre) in the retention pond located in the top left of the site plan. Directly fronting State Road 16 which is the Main commercial highway in and out of Old St. Augustine, Fl. This $2.2M pricing is for the site on the EAST (right) side of the drive. Included in the purchase, the owners will pay up to 50% of the impact fees associated only with this site. The site West of the drive has 3.29 ac fronting 16 plus a .69 ac interest in the retention pond. The West site has approx 412 ft frontage including W half of driveway & is priced separately (see the 1900 SR 16 listing). On last review ... On last review there were only two other parcels with 5 or more acres available in the immediate market area. One had 200 ft Frontage, and the other 225 (recently both of those have gone under contract). Please note that the 1900 and the 1910 SR 16 listings are the same parcel of land with different approaches as to how the full 8.35 acres are marketed and developed. This engineer generated site plan can be developed as shown or reconfigured to meet the developers vision and needs. All front footages and acreage estimates are based on measurements per the tax roll and other sources. It is fully the purchasers responsibility to confirm all estimates and approximations. Virtually all of SR 16 has become a High Demand/High Traffic Area. The vast majority of sites previously available two and a half years ago are now in some phase of site plan approval, preparation for closing or development. 3 of the 4 new housing projects in the area have recently come Directly to 16(please see pics regarding location of these developments). The upscale Tapestry located just to the W. of this site finished construction several months ago and is currently leasing 300+ units. Gatlin Development just completed another 300+ units in the 1100 block of SR 16. Madison Street has recently started construction of 232 units in the 800 to 900 block of 16. The fourth large housing development (Terrassa w 300+ units) is just North of 16 and E. of I-95 where the mall used to be. Clearly this high growth area is in need of commercial retail and services to satisfy the Mushrooming demand. Please note the 1900 listing is for the full 8.35 acres which currently appears to be one of the very few larger sites remaining on SR 16. Other non-residential projects recently built on 16 include a top end used car dealership (Sunday Drive) which opened in the 2100 blk and a HCA Healthcare emergency clinic opened at 890 SR 16. In the coming soon category there is a dental bldg w a coffee shop in the 800 blk, Atlantic Marine is putting a new boat showroom in the 2200 blk and a 7-11 with pumps is making plans to open next year in the same area. This 8.3 acre site is in the process of being planned and permitted for potential entitlements up to 65,000 sqft. This site is especially geared for the developer and end user looking to take maximum advantage of the top end traffic count with an AADT of roughly 43K/day and growing(see attachment line 93.2). Very Important to note that there is a Median Cut already in place on 16 going directly into the drive providing easy access for customers going in either direction. Any way you slice it, your client can't possibly get better exposure than these sites afford. Sites will be ideal for developers or clients looking to build structures in the 7 to 10,000 ft/acre range. For a developer looking to acquire the full 8.35 acres offered in the 1900 listing, it is important to note that In back of the 5.4 acres fronting 16 and to the East of the pond there is a 1.53 ac parcel. Potentially one could put up to an 18,000 ft structure that can go up to 5 stories. Please check attached Zoning charts to confirm if your project applies. Although this property currently has a 3000 ft m

Property Features