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840 State Road 16 - Villages of St. Augustine PUD

1.22 Acres of Commercial Land Offered at £908,511 in Saint Augustine, FL 32084

Investment Highlights

  • Only pad ready site on SR 16 which is the Main Commercial Highway in & out of Old St. Aug. $$$ Save hundreds of thousands plus 9+ months time!

Executive Summary

Site aka 45 Village Crossing Ct. Looking for the perfect place to put your QSR (quick serve restaurant) Emergency Medical or MOB? -Pad Ready!!! Approx. 27,000 vehicles ADT or 10 Mil per year. Only construction ready site on SR 16. The first mile of the new SR 313 will start in June 2022. See details and map in pics from the FDOT. This 1.22 acre site is fully planned and permitted with the SJRWMD, COSA (water & sewer) and FDOT (median turn & deceleration lane) & FDEP permits in hand. Engineering includes drainage, water runoff & retention ponds (see plans in pics). St. John's County is the 10th Fastest Growing County in the Nation and 3rd fastest in Fl. (see links). Looking S.E. from driveway is the Royal St. Augustine Golf Course. Due S. is the St. John's College Campus. To the S.W.is the Publix Plaza. This site originally had 2 parcels. The larger 2.28 acre site just closed and will have two 10,000 sqft medical offices on it soon. Parcel #1 that we are describing here is a 1.22 acre site on the West side of the entryway. It is fully planned and approved for 6,000 sqft building and can be upgraded to 8,000 with a minor modification which does not require county commissioners approval. This site comes complete with approved concurrency for a 3 LANE DRIVE THRU making it ideal for a bank or QSR (quick serve restaurant). Please note there is only one bank on all of SR 16 from I-95 to U. S 1. Priced at $17.87/ft ($949,777). Works well for a pharmacy, microbrewery (craft beer restaurant), specialty retail, medical clinic or medical retail, surgical center, veterinary office etc. Entry way is lighted, landscaped & signage. In October 2020 brand new street lights were energized on this High Growth Commercial Corridor. The brand new SR 313 will have it's drop onto SR 16 just 1/3 mile West of this site. Brokers and end users please do not make the huge mistake of thinking you can buy a parcel cheaper that does not have the planning, permitting/entitlements and infrastructure in the ground. Be aware it will take many many months as well as an enormous expense to do the engineering, planning, permitting/entitlements, concurrency for 3 lane drive thru, median turn lane, deceleration lane, upscale lighted landscaped driveway, sanitary and storm sewers, lift station, force main, power easement/power drop, runoff and retention ponds etc. All of this has been master planned and paid for. Update a few studies, tests, permits etc and you will be ready to submit your site plan for approval. Please note that the 2.28 acre lot on the East side of the driveway has recently Sold and Closed!! The new owner is planning to build two medical buildings on that site. Owners paid for concurrency, median turn lane, deceleration lane, upscale entry way, lift station, force main, retention ponds, previous engineering fees, surveys, phase 1 environmental, geotech borings, application/permit fees etc.(Note, test and studies do expire and will need to be updated by purchaser. Originally all test and studies passed). SR 16 is a High Growth Corridor and has recently added: Floor Depot, Dollar General, Brighton Day Academy, Fidus Roofing and Construction, BoJangles, Shores Liquor, Zaxby's, WaWA, Chick-fil-A, a Kangaroo Gas Station and a car wash. Scheduled to start soon is a 2nd Kangaroo gas as well as other major pending projects. The better sites are almost gone so do not delay in securing this high quality site today!
The approval for a Build to Suit transaction is at the sellers sole discretion.

Financial Summary (Actual - 2021)

Annual Annual Per AC
Taxes £1,975 £1,618.87
Operating Expenses £1,185 £971.32
Total Expenses £3,160 £2,590.20

Financial Summary (Actual - 2021)

Taxes
Annual £1,975
Annual Per AC £1,618.87
Operating Expenses
Annual £1,185
Annual Per AC £971.32
Total Expenses
Annual £3,160
Annual Per AC £2,590.20

Property Facts

Price £908,511
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Bank
  • Convenience Store
  • Drugstore
  • Fast Food
  • Healthcare
  • Medical
  • Motel
  • Planned Unit Development
  • Religious Facility
  • Restaurant
  • Strip Centre
Total Lot Size 1.22 AC

1 Lot Available

Lot C

Price £908,511
Price Per AC £744,682
Lot Size 1.22 AC

1.22 ac pad ready lot with approx $1M infrastructure in the ground. Has master planned retention ponds and full concurrency for a 3 lane drive thru. PUD zoning with 6,000 sqft entitlements that can easily go to 8,000 w/o need for commission approval.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
084760-0000
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£426,478 (2023)
Annual Taxes
£1,975
Tax Year
2021

zoning

Zoning Code PUD (Planned Unit Development)
PUD (Planned Unit Development)
  • Listing ID: 28510504

  • Date on Market: 15/06/2022

  • Last Updated:

  • Address: 840 State Road 16, Saint Augustine, FL 32084

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