1974 State Road 16 - 1974 State Road 16 4.42 Acres of Commercial Land Offered at $2,499,000 in Saint Augustine, FL 32084

Major opportunity for growth along one of Saint Augustine’s main entry corridors. State Road 16 is rapidly growing commercially, as developers grab up land to supplement the insatiable housing demand in the Saint Augustine metro area. Catch highway travelers and commuters into town - 43,000 cars by per day (FDOT). This parcel has 225 ft of frontage with roughly the first 350ft of depth completely dry. 0.6 acres of wetlands are minimal and mostly towards the back half of property. Growth region: With county growth and resident income levels rising, businesses may see potential in serving both local residents and regional traffic. Accessibility & Exposure: State Road 16 is a significant thoroughfare in the area — exposure is a strong asset in commercial site selection. ------ Development Potential/Concept This ±4.4-acre commercial parcel offers a compelling opportunity for a future flex-industrial or warehouse development along State Road 16 in St. Augustine. The property's approximately 225 feet of frontage and 850 feet of depth provide flexibility for a variety of commercial concepts, subject to engineering, permitting, and governmental approvals. One conceptual site plan explores the possibility of: Approximately 55,000 square feet of rentable flex/warehouse space Two parallel buildings measuring approximately 60' × 500' and 50' × 500' A mix of 1,000 SF, 2,000 SF, and a limited number of 3,000 SF suites, allowing flexibility for contractors, trades, storage, light industrial, service businesses, and small commercial users On-site customer and employee parking Stormwater retention located toward the rear of the property Based on preliminary calculations: Site Area: ±191,250 SF (4.39 acres) Estimated Stormwater Retention: ±48,000 SF (approximately 25%) Estimated Buildable Area: ±143,000 SF (approximately 3.3 acres) Conceptual Rentable Building Area: Approximately 55,000 SF At an assumed lease rate of $30.00 per square foot annually, a fully leased project of this size could generate approximately $1.65 million in gross annual rental income before operating expenses, vacancy, financing costs, taxes, insurance, and maintenance. This information is provided for conceptual planning purposes only. Buyers should conduct their own due diligence regarding zoning, allowable uses, density, stormwater requirements, utility capacity, environmental conditions, parking requirements, and all local, state, and federal permitting requirements. The conceptual layout has not been approved and is intended solely to illustrate one potential development scenario. Commercial Intensive zoning: Allows for QSR, Gas Station, Hotel, Recreation, etc. Highly attractive C-I zoning for just about any use. Current tenant(s) are on a month to month basis. **DO NOT DISTURB THE TENANTS ON SITE - BY APPOINTMENT ONLY.