1910 SR 16 2.75 Acres of Commercial Land Offered at $3,123,780 CAD in Saint Augustine, FL 32084

This 2.75 acre site features 2.1 acres fronting SR 16 with approx 275 front footage including E. 1/2 of driveway. The 2.75 includes a proportionate share(approx .65 acre) in the retention pond located in the top left of the site plan. This is directly on State Road 16 which is the Main Road in and out of Old St. Augustine, Fl. The $2.3M price is for the site on the East side of the drive. Included in the $2.3M purchase price the owners will pay for 50% of the impact fees associated with this site. The 4 acre site W. of the drive is priced separately (see the 1900 SR 16 listing). On last review there were only two other 5+ acre parcels available in the same market area. One had 200 feet of Frontage on 16 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 it is marketed and developed. To be clear there are a couple of engineer generated site plans for this site depending on the developers vision and needs. The 1900 site mentioned above which is W. of the drive (the 1900 SR 16 Listing) has approx 412 ft frontage which includes the W half of the driveway. This is approx front footage based on measurements per the tax roll.
Virtually all of SR 16 has become a High Demand/High Traffic Area. The vast majority of sites previously available two years ago are now in some phase of 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. Gatlin Development just completed another 300+ units in the 1100 block of SR 16. Madison Street has recently started construction of 234 units in the 800 to 900 block of 16. Two of the three new housing developments are for 300+ units. The fourth large housing development (Terrassa) is just North of 16 and E. of I-95 where the high end outlet mall used to be. Terrassa is also over 300 luxury apts. This high growth area is in need of commercial retail and services to satisfy the Mushrooming demand. Due to the recent explosive demand, this appears to be one of the very few larger sites remaining on SR 16. Other non-residential projects being built on 16 include a dental bldg w a coffee shop, an emergency care bldg in the 800 block. A top end used car dealership (Sunday Drive) recently opened in the 2100 block. In the coming soon category Atlantic Marine is soon to build a new boat showroom in the 2200 block of SR 16 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 60,000 sqft.
In this 1910 SR 16 site plan it is geared for the developer and end user looking to take maximum advantage of the top end traffic count of roughly 43K/day (see attachment line 93.2). Note there is a Median Cut already in place on 16 going directly into the drive providing easy access for customers going in either direction. There will be two buildable sites on each side of the drive plus roughly a 1.45 acre retention pond in back of site West of the drive. Your clients can purchase the full 8.3 acres or as little as 2.75 acres which would include their portion of the retention. Any which way you slice it your client can not possibly get better exposure than these sites afford. These sites will be ideal for your clients looking to build structures in the 8 to 10,000 ft/acre range such as Convenience stores w gas pumps like Circle K, Race Trac or even Buc-ee's. Other good fits are grocers like Trader Joe's, Sprouts, Fresh Market or the popular Fitness Studios. Zoning qualifies the site for auto sales which should include smaller Car Dealerships.
In the alternate 1900 SR 16 plan (West of the drive) it has 3.3 acres fronting 16 and roughly a .8 acre proportionate share retention pond in back of it. ideal for QSR's (quick serve restaurants like Five Guys, Cava, BurgerFi or Panda Express, Drive-Thru coffee & Beverage Shops like Dutch Brothers or Ellianos, Banks-Credit Unions, Urgent Care/Medical Office/Vision Care i.e. America's Best Contacts, or Dental like Heartland or Deca Dental. Also needed is a Pharmacy w Drive-Thru. Specialty Retail like Mattress Firm, Auto Zone, O'Reilly's or Wireless Providers. Car washes like Mr. Clean, Tommy's Tidal Wave or Mister Car Wash. Also a good fit for auto accessory shops like Tint World, Black Optix, Line-X or Color Glo.
With the 1900 alternate site plan, in back of the outparcels there will be two sets of strip stores on either side of the driveway. Both with drive thru end caps. These strips could offer the obvious needed services such as hair and nail salon, barber, dry cleaner, beauty supply, mini bank branches w atm machines, small sit down restaurants, pet care and grooming etc.
In back of the strip stores there is a space that can accommodate a large structure with a footprint of 15,000 sqft and can go up to 5 stories. A structure like that would be ideal for Commercial Flex space, a hotel, or potentially a larger scale bed and breakfast built with an Old St. Augustine motif. A few other options include: Tech Schools, College Satellite facilities, Medical/profession office bldg, Top end (Covered) RV and Boat Storage, Large Scale Fitness Facility, Recreation facilities, Adult & Child Care Centers etc. Please check attached Zoning charts to confirm if your project applies. Although this property currently has a 3000 ft metal structure and two businesses on site W. of the drive, these are not necessarily being considered in the valuation of this property.
The two businesses are an Auto Repair Shop and a Used Car Sales.
Zoning in front portion is Commercial Intensive (CI) but purchaser must confirm zoning and all other pertinent details for themselves during due diligence.
It is Very Very Important NOT TO DISTURB the Tenant!