Improved Commercial Land for Sale in St. Augustine, Florida

This 2.53 acre site features 2.1 acres fronting SR 16 with approx 272 front footage including the East 1/2 of driveway. The 2.53 includes a proportionate share(approx .43 acre) in the retention pond located in the top left of the site plan. Site directly fronts SR 16 which is the Main commercial highway in and out of Old St. Augustine, Fl. This $2.2M pricing is for the site on the EAST (right) side of the drive. Included in the purchase, the owners will consider paying up to 50% of the impact fees associated with this site only. The site West of the drive has 3.29 ac fronting 16 plus a .69 ac interest in the retention pond or 3.98 total area. The West site has approx 412 ft frontage including W half of driveway & is priced separately (see the 1900 SR 16 listing). Pricing breakdown for different options are as follows: Option 1: Purchase the entire 8.36 acre site for $5,974,000 (parcel numbers 1-4 on site map) as per the 1900 SR 16 Listing. Click MORE for additional purchase options. Option 2: Purchase the smaller 2.53 ac site E. of the drive (parcel 2) for $2.2M (acreage includes the E. 1/2 of driveway and a .43 ac interest in the retention) per 1910 Listing Option 3: Purchase the larger 3.98 ac site W. of the drive (parcel 1) for $4M (acreage includes the W 1/2 of driveway and a .69 ac interest in the retention pond) Please note this site W of the drive has two businesses on it and generates income. Option 4: Add parcel 4 on site map to option 2 or 3 for $500K. Parcel #4 is 1.53 ac plus a .32ac for retention (1.85 total). Examples of how that would look are detailed below. Adding parcel 4 to option 2 would change price from $2.2 to $2.7. Acreage would go from 2.53 to 4.38. 2.53 + 1.85 = 4.38 acres Adding parcel 4 to option 3 would change price from $4M to $4.5M. Acreage would go from 3.98 to 5.83. 3.98 + 1.85 = 5.83 acres In a recent review there were only two other parcels with 5 or more acres available in the immediate market area. One had 200 ft Frontage, and the other 225 (as expected, both of those have gone under contract). Please note: the 1900 and the 1910 SR 16 listings are the same parcel of land with different approaches as to how the full 8.35 acres are marketed and developed. The attached engineer generated site plan can be developed as shown or in most cases reconfigured to meet the developers vision and needs. All front footages and acreage estimates are based on measurements per the tax roll and other undocumented sources. It is fully the purchasers responsibility to confirm any and all estimates, approximations, calculations or assumptions. Virtually all of SR 16 has become a High Demand/High Traffic Area. Per the traffic count attachments, the AADT in this section of SR 16 was 43,000 per the 2024 update. This of course was before the 4 large rental communities came on line. The vast majority of sites previously available two and a half years ago are now in some phase of site plan approval, preparation for closing or physical site construction. 3 of the 4 new housing projects in the area have 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 should be nearing stabilization of 300+ units. Gatlin Development just completed another 300+ units in the 1100 block of SR 16 and is leasing. Madison Street started construction of 232 units last April in the 800 to 900 block of 16. The fourth large housing development (Terrassa w 300+ units) is just North of 16 and E. of I-95 where the mall used to be. Clearly this high growth area is in need of commercial retail and services to satisfy the Mushrooming demand. Other commercial (non-residential) projects recently built on 16 include a top end used car dealership (Sunday Drive) which opened in the 2100 blk and the HCA Healthcare Emergency clinic opened at the location previously know as 890 SR 16. In the coming soon category there is a dental