5670 State Road 16 - Commercial LAND FOR SALE


Saint Augustine, FL 32092 940,025 SF
$8,000,000 USD
904-669-5099
5670 State Road 16, Saint Augustine, FL for Sale
$8,000,000 USD
Commercial LAND - FOR SALE
1/33
940,025 SF

5670 State Road 16
Saint Augustine, FL 32092


HIGHLIGHTS

  • - 21.58 Acres Gross, Currently Zoned Open Rural with Residential C Land Use - 6 Units Per Acre
  • - Previous Development of 216 Multi-Family Units was denied by BCC in 06/2023.
  • - Ideal for mixed-use retail, industrial development and large-scale projects
  • - Prime location for mixed-use commercial ventures, currently favored by County
  • - Easy Access to major transportation routes for logistical efficiency
  • - Close Proximity to Interstate 95, Jacksonville for convenient access to Urban amenities

OVERVIEW

Premier mixed-use commercial and residential development opportunity strategically located ½ mile west of the signalized intersection of International Golf Parkway and State Road 16 and just ¼ mile west of the SR 16 and CR 16A intersection, the entrance to Silverleaf. This International Golf Parkway/SR 16 intersection is anchored by two community shopping centers with a Publix, a separate Publix Greenwise, Walgreens, CVS, Flagler Health as well as notable national franchises including Dunking Donuts, Starbucks, Mellow Mushroom, McDonalds, Zaxby's and Panera Bread. The First Coast Expressway will also under construction just north of this tract by the existing Mill Creek Elementary school and Tocoi Creek High School. This is one of the fastest growing regions in St. Johns County and is undergoing dramatic growth for future development with increasing populations. The population growth over the next 5 years is 3.30% annually while household growth is 3.29% annually in a one to five-mile radius. Average household income is $122,287 and is projected to be $140,053 in five years in 2025. The 2023 annual average daily traffic count is 26,133 cars for SR 16 in front of the subject property.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/ACRE

$370,714/AC

PRICE/SF

$9 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Premier Mixed-Use Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

21.58 AC

LAND SF

940,025 SF

OFFSITE IMPROVEMENTS

-

ZONING

Open Rural/Res C

APN/PARCEL ID

028150-0000,028185-0010,028185-0020

ASK ABOUT THIS PROPERTY

Joe HatinBerkshire Hathaway - Florida Network RealtyMore Info
904-669-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe HatinBerkshire Hathaway - Florida Network RealtyMore Info
904-669-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.