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- LoopNet Team
6695 US Highway 1 S
Saint Augustine, FL 32086
Land For Sale
·
18.30 AC
INVESTMENT HIGHLIGHTS
- 18 Acres+/- in St John's County
- Possible Residential/Multi-Family Subdivision Development
- 3 Miles from the Atlantic Ocean and Intracoastal Waterway
- Mixed-Use Residential and Commercial Area
- 2 Miles from Interstate 95 Interchange with State Road 206
PROPERTY FACTS
DESCRIPTION
An 18 acre parcel currently zoned Residential Mobile Home located in a mixed-used development area with a future land use of Residential B. This site is strategically located adjacent to the signalized intersection of US 1 South and State Road 206. Neighboring commercial intensive uses including an RV sales and service dealership, a convenience store with fuel service, & institutional uses. Residential uses include newer subdivision development and older non-subdivided single family properties. Potential uses for this property include residential subdivision and multi-family uses as well as other commercial intensive uses including self-storage and assisted living facilities and multi-tenant warehouse type use. Future development will be contingent upon a zoning and land use change or ultimately a Planned Unit Development subject to St. Johns County approval. 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 3.10% annually while household growth is 3.08% annually in a one to five-mile radius. Average household income is $82,325 and is projected to be $87,345 in five years in 2025. The annual average daily traffic count is 19,600 cars for US 1 South in front of the subject property.
