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5670 State Road 16
Saint Augustine, FL 32092

$8,000,000 USD

Land For Sale • 21.58 AC

Property Details

Property Type Land
Lot Size 21.58 AC
Zoning Open Rural/Res C

0 Transit Score

14 Walk Score

Description

St. Augustine is experiencing a notable upswing in economic and commercial activities. As a city famed for its rich history and vibrant tourism industry, recent trends indicate a diversification in economic drivers, including technology startups, retail sectors, and hospitality services. The demand for commercial spaces in burgeoning sectors has increased as local businesses and multinational companies seek strategic footholds within the region, taking advantage of its economic vibrancy and growth potential. The St. Johns County area, encompassing St. Augustine, is one of the fastest-growing counties in Florida. The expanding residential developments highlight a community-centric growth model, attracting families and professionals seeking enhanced quality of life. This transformation is underpinned by top-rated educational institutions, recreational amenities, and a blend of suburban and coastal lifestyles. As residential communities expand, they contribute to an increased patronage of local businesses, creating synergistic development opportunities for commercial investors. These impacts promise robust demand for retail, office, and service-oriented commercial facilities, aligning with consumer convenience and accessibility needs.

                
                    Highlights
                
                                - 21.58 Acres Gross, Currently Zoned Open Rural with Residential C Land Use - 6 Units Per Acre
                            
                                - Previous Development of 216 Multi-Family Units was denied by BCC in 06/2023.
                            
                                - Ideal for mixed-use retail, industrial development and large-scale projects
                            
                                - Prime location for mixed-use commercial ventures, currently favored by County
                            
                                - Easy Access to major transportation routes for logistical efficiency
                            
                                - Close Proximity to Interstate 95, Jacksonville for convenient access to Urban amenities