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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

Price breakdown is $618,181 per acre.

Property Facts

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
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.)
  • Listing ID: 33297500

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 6220 US Hwy 1, Saint Augustine, FL 32095

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