2988 State Road 207 Elkton, FL 32033
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.