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    Commercial Dr St. Augustine, FL 32092

    Sponsored
    For Sale
    $499,999

    2.85 Acres, St. Augustine, FL. High Traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.85-acre commercial and industrial land parcel presents a unique investment opportunity in St. Augustine, Florida. Located on Commercial Drive, the property boasts approximately 750 feet of frontage along I-95, providing unparalleled visibility and accessibility for businesses seeking high traffic exposure. The IW zoning allows for a variety of commercial and industrial uses, subject to St. Johns County approvals. The property's strategic location offers easy access to major highways and transportation hubs, making it an ideal site for businesses requiring convenient logistics. The average daily traffic count on I-95 in this area is approximately 91,500 vehicles, ensuring significant brand visibility. Potential exists for assemblage with an adjacent 1.4-acre parcel across the street (separate transaction). Buyers are responsible for conducting their own due diligence, including investigating potential uplands and feasibility during the inspection period. The property's APN is 087550-0311, and the asking price is $499,999. This is a rare opportunity to acquire a high-visibility commercial property in a rapidly growing area. The property is available immediately.

    Property Features for 0 Commercial Dr

    General Information

    Property type
    Land
    Lot Size
    124,146 SF

    HighLights

    • High traffic count location, average daily traffic of 91,500 vehicles.
    • 1.4‑acre assemblage opportunity across the street.
    • Immediately available for occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4150043
    Latitude
    29.9146181

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    FAQs

    What type of property is this?
    Land - 2.85 Acres, St. Augustine, FL. High Traffic.
    Where is this land located?
    The property is located at Commercial Dr St. Augustine, FL.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: High traffic count location, average daily traffic of 91,500 vehicles.; 1.4-acre assemblage opportunity across the street.; Immediately available for occupancy.
    Request Owner's contact information
    Commercial Dr St. Augustine, FL 32092
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Commercial Dr St. Augustine, FL 32092
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