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E State Road 200 - Yulee Multi-Family 25 Unit/Acre Site
16 Acres of Commercial Land Offered at $12,000,000 in Yulee, FL 32097
Investment Highlights
- Multi-Family Site - 25 Units Per Acre based upon Overlay Approval end of 2024
- Incredible Location directly behind the Home Depot Shopping Center with SUPER High Traffic and Visibility!!
- Seller is purchasing the mitigation credits and working on zoning approval which the Buyer would reimburse Seller at closing for these costs.
- 16 Acres For Multi-Family Development (additional acreage availalble for purchase)
- Ashley Furniture Under Construction as Out Parcel with Two Additional 2-Acre Commercial Out-Parcels For Sale at $1.2 million per acre
- One of the only Multi-Family Sites Available in Yulee
Executive Summary
Property Facts
| Price | $12,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 16.00 AC |
| Property Type | Land | Cross Streets | Courtney Isles Way |
| Price | $12,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 16.00 AC |
| Cross Streets | Courtney Isles Way |
1 Lot Available
Lot
| Price | $12,000,000 | Lot Size | 16.00 AC |
| Price Per AC | $750,000 |
| Price | $12,000,000 |
| Price Per AC | $750,000 |
| Lot Size | 16.00 AC |
16 acres Multifamily Development (additional acreage available) Mitigation credits purchased (to be reimbursed to Seller). Expected 25 units per acre upon the Overlay Approval the end of 2024. Ashley Furniture under construction on 3 acre out-parcel.
Description
Commercial Real Estate Professionals, Inc. and Mark Allen, Broker is pleased to offer this Incredibly Prime Multi-family site located in Yulee, Florida. 16 acres Multifamily Development (additional acreage available for purchase) Estimate id for 400 Units pending Overlay Approval. $30,000 per unit. Mitigation credits purchased (to be reimbursed to Seller). Expected 25 units per acre upon the Overlay Approval the end of 2024. Ashley Furniture under construction on 3 acre outparcel with an additional Two more 2-Acre (+-) Commercial Out-parcels available for purchase at $1.2 million per acre. This site is situated on an upcoming major artery and future evacuation route, Chester Road, with frontage also on Pages Dairy Road and Courtney Isles Way. Located directly behind Home Deport, this site is also very close to Target, Publix, JOANN’s, and Kohl’s, in addition to Chili’s, Starbucks, Whataburger, and a movie theater! Absolutely a SPECTACULAR Site for a Multi-family Site. Located next door to Courtney Isles Apartments, a luxury apartment home complex that has been very successful. They are at 100% capacity with a waiting list. The Seller has purchased the mitigation credits and working on zoning approval which the Buyer would reimburse the Seller at closing for these costs.
PROPERTY TAXES
| Parcel Number | 37-2N-27-0000-0001-0100 | Improvements Assessment | $0 |
| Land Assessment | $300,348 | Total Assessment | $300,348 |
PROPERTY TAXES
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
Presented by
E State Road 200 - Yulee Multi-Family 25 Unit/Acre Site
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