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Property profile & analytics
OFF-MARKET
Land

0 Marina Cove Dr St. Augustine, FL 32080

2.4 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.4 ac (104,544 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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