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3940 State Road 16 - Prime Redevelopment Opportunity 26 Acres of Commercial Land Offered at $2,990,000 in Saint Augustine, FL 32092
Investment Highlights
- ~523 FT Frontage on State Road 16
- Wetlands Buffer
- Easy Access to World Golf Village & St. Augustine Premium Outlets
- Road Improvements Along State Road 16
Property Facts
1 Lot Available
Lot
| Price | $2,990,000 | Lot Size | 26.00 AC |
| Price Per AC | $115,000.00 |
| Price | $2,990,000 |
| Price Per AC | $115,000.00 |
| Lot Size | 26.00 AC |
Description
This ±26.13 acre offering located at 3940 State Road 16 in St. Augustine, Florida presents an excellent opportunity for commercial or mixed-use development in one of the area’s fastest-growing corridors. Approximately 7.57 acres of uplands are situated along State Road 16, offering roughly 523 feet of frontage, strong visibility, and easy access. The buildable portion features split zoning of Commercial Intensive and Commercial Highway Tourist, allowing for a wide range of uses. The remaining ±18.69 acres consist of RMH-zoned wetlands, providing a natural buffer extending toward Interstate 95. The property is ideally located near the rapidly growing World Golf Village area and the St. Augustine Premium Outlets, both of which drive strong traffic and continued development. State Road 16 is quickly emerging as a key retail corridor, making this a highly attractive investment opportunity. Existing improvements include a recently renovated ±812 square foot office building with a ±1,020 square foot front canopy and an additional ±232 square foot rear canopy for covered storage, along with a pole barn on a concrete slab, a smaller pole barn with a dirt floor, and a detached wooden shed.
Property Taxes
| Parcel Number | 029090-0010 | Improvements Assessment | $52,365 |
| Land Assessment | $833,584 | Total Assessment | $885,949 |
Property Taxes
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3940 State Road 16 - Prime Redevelopment Opportunity
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