Current Use by Public Records
- Specialty properties
Property Details for 2555 Us Highway 1
- Property type
- Specialty properties
- Property subtype
- Land
Description
Exceptional redevelopment opportunity in St. Augustine, FL, featuring 2.23 acres (97,138 sq ft) of commercially zoned land on US Highway 1. This prime location boasts 300 feet of highway frontage and a daily traffic count of approximately 39,500 vehicles. The property includes two existing buildings: a 5,152 sq ft structure built in 1980 with three leasable units, currently on well and septic (septic pumped 2023), and a 1,232 sq ft building constructed in 1959, currently leased as a restaurant (tenant vacating six months post-closing). The site is zoned CI Commercial Intensive with Mixed Use Land Use and offers four designated entrances, county water, sewer, and gas, plus an existing well. The 1980 building features four AC units, four power meters, and two drive accesses. The 1959 building has a grease trap, grind pump, and 200-amp service installed in 2010. Annual property taxes are approximately $15,500. This property presents a rare chance to capitalize on high visibility and significant traffic volume in a thriving Florida market. The existing buildings offer immediate income potential or redevelopment options, making this an attractive investment for a variety of commercial ventures. The property's location and zoning provide flexibility for a wide range of uses, making it an ideal choice for developers seeking a high-impact project.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Augustine
- County
- St. Johns
- State
- Florida
- Longitude
- -81.3233
- Latitude
- 29.8497
