9960 Old Dixie
Ponte Vedra, FL 32081
Sterling Plaza Phase II · Land For Sale · 7.26 AC

Premier Investment Opportunity in St. Johns County, Florida: 7.26-Acre Lot with Approved RV/Boat Storage Development Permits We are thrilled to offer an exceptional investment opportunity in one of Florida's most sought-after regions. This expansive lot, located in close proximity to the affluent neighborhoods of Nocatee and Palencia in St. Johns County, is prepped and ready for a lucrative RV/Boat Storage development. Size & Location: This prime land offers ample space for a large-scale storage facility. Its strategic location near Nocatee and Palencia, known for their high-end communities and lifestyles, ensures a steady demand from a market with significant storage needs for recreational vehicles and boats. Approved Permits: The lot comes with the advantage of already approved permits for a 184-spot RV/Boat Storage facility. This approval streamlines the development process, allowing the new owner to commence construction without the delays typically associated with permit acquisition. High Potential Returns: With a pro forma Net Operating Income (NOI) estimated at an attractive 10%, this development presents a highly profitable venture. The projected returns are indicative of the high demand and premium rates that can be commanded in this affluent area. Flexible Future Uses: While land will be permitted for RV/Boat Storage, it was recently re-zoned to allow for a number of flexible uses including industrial, retail, sports & fitness, office and general commercial. While these uses may not be leveraged in the near term, it does allow for additional value in the future.