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7280 US Highway 1 - US 1 at Palencia

4.36 Acres of Commercial Land Offered at £2,290,239 in Saint Augustine, FL 32095

Investment Highlights

  • Heavy day time traffic
  • One of a few tracts left near Palencia, Palencia Commons and World Golf Village Parkway.
  • Easy access from US 1 going South or North

Executive Summary

Prime retail, office or other commercial development opportunity on very high traffic US-1 near intersection of International Gold Pkwy just a few hundred feet from Publix, restaurants, a vet clinic, health & wellness, UPS store, ATT, Great Clips, and other retail stores at The Shoppes at Palencia Commons. Property is two side-by-side separate tracts that total 4.36 acres. Seller will consider selling each tract separately. A crossover with turning lane already exists at the north property & a u-turn crossover with turning lane is in front of the south tract. Zoning is CN (Commercial Neighborhood w/FLU Mixed Use) & has many uses as-is, but with a zoning change or PUD and some wetland mitigation, any number of commercial intensive uses could be possible. Fast growing area in need of fast food, oil change center, tire center, retail storefront, offices, or other uses offers very high traffic counts, easy access, and long major highway (US-1) frontage near a major intersection. Owner may carry some financing.
Property is an easy drive by. Buildings are not considered to have any value & will need to be torn down. Gate is locked but can be stepped around after parking at turnout. Dwindling number of properties in this corridor make this a prime location. Buyer should due their own due diligence as to end use, zoning changes, wetlands, environmental, geotechnical and other inspections. Commissions subject to negotiation for less than list price.

Property Facts

Price £2,290,239
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 4.36 AC

1 Lot Available

Lot

Price £2,290,239
Price Per AC £525,284
Lot Size 4.36 AC

High traffic, easily accessed commercial site near World Golf Village Parkway and Palencia. Palencia Commons Shopping Center next door with Publix, restaurants, ATT, banks, Dunkin, and much more.

Description

Great location. Current access available with two cross overs and one u-turn with turning lane. HOT growing area near Palencia and other large subdivisions. Property has many uses as-is but could easily be rezoned per the FLU of Mixed Use Development as the shopping center and other retail/business properties next door. Should be able to get adequate wetland credits if more uplands are needed. Buyer should do own due diligence to insure desired end use including wetland study, environment Phase 1, boundary and topo survey, geotechnical, endangered species, etc. Seller has none of those studies or reports. Would be perfect for fast food, strip center, flex warehouse, tire center, oil change or many other uses.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
074030-0000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£82,114

zoning

Zoning Code CN (Commercial Neighborhood with a Future Land Use of Mixed Used development.)
CN (Commercial Neighborhood with a Future Land Use of Mixed Used development.)
  • Listing ID: 31506646

  • Date on Market: 14/04/2024

  • Last Updated:

  • Address: 7280 US Highway 1, Saint Augustine, FL 32095

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