$ 6,600,000
5680 STATE ROAD 16 St Augustine, FL 32092
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$ 6,600,000
Est. payment | /mo
22.87 Acres Lot
$ 6,600,000
Est. payment | /mo
22.87 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1082566
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Lot Size 22.870 Acres
Acres 22.87
Property Description
Mixed-use development opportunity strategically located ½ mile west of the signalized intersection of International Golf Parkway and State Road 16 and just ¼ mile west of the SR 16 and CR 16A intersection where the new community entrance to Silverleaf is currently being completed. This International Golf/SR 16 intersection is anchored by a community shopping center with a Publix, Walgreens, CVS, Flagler Health as well as the planned Publix Greenwise coming in 2021. The First Coast Expressway will also be coming to the area just north of this tract by the existing Mill Creek Elementary school and the new High School set to open in the fall of 2021. 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 3.30% annually while household growth is 3.29% annually in a one to five-mile radius. Average household income is $122,287 and is projected to be $140,053 in five years in 2025. The annual average daily traffic count is 20,500 cars for SR 16 in front of the subject property.
Location
State FL
County St. Johns
Area 305-World Golf Village Area-Central
Direction From the intersection of International Golf Parkway and State Road 16, head west on State Road 16 approximately 1/2 mile to property on north side of Road, across from curb cut in median.
Exterior
Waterfront No
Waterfront Description Pond
Private Pool No
Building
Lot Description Irregular Lot
Sewer Septic Tank
Water Well
Others
Tax ID 0281500000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY