5643 Fl-16 St. Augustine, FL 32092

This exceptional 2.96-acre property in St. Augustine, Florida, presents a compelling redevelopment opportunity. Comprised of two parcels (PIN: 028740-0070 & 028740-0020), this land boasts 187 feet of frontage along FL-16, a major thoroughfare with an impressive average daily traffic count of 9,100 vehicles. Currently zoned OR, the highest and best use is projected to be a Commercial Planned Unit Development (PUD) rezoning. The property's existing structures offer potential for impact fee credits if maintained for residential use, providing a financial advantage for future development plans. Located in St. Johns County, Florida, with a zip code of 32092, this prime location offers excellent visibility and accessibility. The property's 1977 construction date on existing structures is noted, but the focus is on the significant potential for future development. This is an ideal investment for developers seeking a high-traffic location with substantial acreage for a variety of commercial or mixed-use projects. The asking price for this unique opportunity is $1,225,000. Coordinates are 29.965929 latitude and -81.498538 longitude.