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6220 US Hwy 1 - 5.50 Acre Development Opportunity
5.5 Acres of Residential Land Offered at $3,400,000 in Saint Augustine, FL 32095
Investment Highlights
- Great visibility with frontage on Highway 1
Executive Summary
Property Facts
Price | $3,400,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 5.50 AC |
Price | $3,400,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 5.50 AC |
1 Lot Available
Lot
Price | $3,400,000 | Lot Size | 5.50 AC |
Price Per AC | $618,182 |
Price | $3,400,000 |
Price Per AC | $618,182 |
Lot Size | 5.50 AC |
Future land use and can be re-zoned to multi-use.
Description
This property offers a significant development opportunity due to its location and future land use designation. Here’s a breakdown of the key details: Location: Just north of St. Augustine, positioned at a high-visibility intersection of US Highway 1 and the future State Road 313, an area experiencing rapid development. Size: 5.5 acres with 300 feet of highway frontage, providing excellent exposure for future businesses or developments. Current Zoning: Open Rural (OR), typically allowing for agricultural uses, residential, and limited commercial activity. Future Land Use Designation: Mixed Use District (MD) on the Future Land Use Map (FLUM). This designation permits a variety of potential development options, including commercial, residential, and recreational uses, making the property highly versatile. Building: There is a 2,900 sq. ft. building on the property, but it holds no significant value, meaning it may be best suited for demolition or repurposing. This land could be ideal for investors looking to capitalize on the upcoming growth in this region.
zoning
Zoning Code | OR (The Future Land Use Map (FLUM) designation is going to be Mixed Use District (MD) which allows for a multitude of uses for development purposes.) |
OR (The Future Land Use Map (FLUM) designation is going to be Mixed Use District (MD) which allows for a multitude of uses for development purposes.) |
Presented by
6220 US Hwy 1 - 5.50 Acre Development Opportunity
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