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    2988 State Road 207 Elkton, FL 32033

    For Sale
    Contact for pricing

    22.54 Acres, Multifamily & Commercial Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 22.54-acre commercial land parcel presents a unique investment opportunity in Elkton, Florida. Situated in St. Johns County, one of the nation's fastest-growing areas, this property enjoys a prime location on State Road 207, a major thoroughfare connecting St. Augustine. The site benefits from significant existing commercial and residential activity along this corridor, ensuring high visibility and accessibility. Its proximity to Interstate 95 (less than half a mile) provides unparalleled connectivity. Future improvements include a traffic signal and direct access from SR 207 and Cypress Links Boulevard. Zoned PUD Commercial, the land offers flexibility for diverse development, including medical, retail, religious facilities, hotels, and gas stations. The recently enacted Live Local Act further enhances development potential, allowing for multifamily projects with a workforce housing component. Adding to the area's appeal is the St. Johns Golf Club, a recently renovated public course located directly behind the property. This presents a compelling opportunity for developers seeking a high-growth location with diverse development options and excellent infrastructure. The property's strategic location and zoning make it ideal for a variety of commercial and multifamily projects, capitalizing on the area's robust growth trajectory.

    Property Features for 2988 State Road 207

    General Information

    Property type
    Land

    HighLights

    • 22.54‑acre site available for multifamily or commercial development.
    • Located in a high‑growth county.
    • Excellent access via SR 207, a major St. Augustine corridor with significant commercial and residential activity.
    • Less than 0.5 miles from I‑95.
    • Future signalized access from SR 207 and Cypress Links Boulevard.
    • PUD Commercial zoning allows diverse uses including medical, retail, religious, hotel, and gas station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel Auto Parts Store Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3843842
    Latitude
    29.8164539

    Nearby Comparable

    • Contact for pricing

      Commercial Land I-95 St. Johns

      110-acre commercial land parcel in high-growth St. Johns County.
      2650 State Road 207, Elkton, FL 32033
      View Details
    • $1,795,000
      2.07 Acres

      Prime Land in Growing Corridor

      2.07 acres of PUD-zoned land on State Hwy 207.
      3229 State Road 207, Elkton, FL 32033
      View Details
    • $5,400,000

      Cleared Land Parcel I-95 Frontage

      8.2-acre commercial land parcel with I-95 frontage.
      2540 State Road 207, St Augustine, FL 32086
      View Details
    • $4,995,000
      12.00 Acres

      St. Augustine Commercial Land - 12 Acres

      Prime Commercial Land, High Traffic Area, $4.995M
      2255 State Road 207, St. Augustine, FL 32086
      View Details

    FAQs

    What type of property is this?
    Land - 22.54 Acres, Multifamily & Commercial Potential
    Where is this land located?
    The property is located at 2988 State Road 207 Elkton, FL.
    What are key features of this property?
    This property features: 22.54-acre site available for multifamily or commercial development.; Located in a high-growth county.; Excellent access via SR 207, a major St. Augustine corridor with significant commercial and residential activity.
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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
    2988 State Road 207 Elkton, FL 32033
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