0 Marina Cove Dr St. Augustine, FL 32080
This exceptional 2.4-acre commercial land parcel presents a rare investment opportunity in St. Augustine, Florida. Located on the highly desirable SR 312 corridor on Anastasia Island, within city limits, this property boasts over 450 feet of frontage. Its CM-2 zoning allows for diverse development options, including retail, shopping centers, hotels, motels, and more, catering to a wide range of business ventures. The site benefits from high visibility and a strategic location between St. Augustine and St. Augustine Beach. Surrounding the property are established businesses, recently constructed buildings such as the Barwick Bank and Black Molly Restaurant, residential areas, and popular attractions including the St. Augustine Amphitheatre, Alligator Farm Zoological Park, and the St. Augustine Lighthouse & Maritime Museum. Further enhancing its appeal, Blue Water Jewelers is constructing a new store on an adjacent lot. This area is experiencing significant growth and increased demand for commercial development, making this a prime opportunity for investors seeking a high-return investment in a thriving Florida city. The property's APN is 1622200043. The asking price is $2,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.