0 Agricultural Center Dr St. Augustine, FL 32092

Exceptional 3.28-acre commercial/industrial land parcel in St. Augustine, FL, zoned CI, is available for $2,000,000. This property boasts a projected first-year NOI of $221,000, representing an attractive 11.05% pro-forma cap rate. The land is priced at $18.20 per square foot. Located near the intersection of SR-16 and I-95, this site is ideally positioned for immediate development. All entitlements are in place, and a Phase 1 environmental report is available. A key-card gate is scheduled for installation by July 19th, and front fencing will be completed by July 22nd. An as-built survey is pending final approval. The seller is open to various financing options, including seller financing, cash offers, and potential partnerships. This presents a rare opportunity to acquire a high-potential, nearly operational boat and RV storage facility in a prime location. The APN is 087550-0270. Serious inquiries only. More detailed information is available upon request to qualified buyers.