Property Details for 6250 Us-1

Lot size

3.70 lot acres

Property type

Land

Description

This exceptional 3.7-acre commercial land parcel presents a remarkable investment opportunity in St. Augustine, Florida. Located at 6250 US-1 N, this property boasts 150 feet of frontage on the highly trafficked US Highway 1 North, further enhanced by a new traffic light at the intersection of Highway 312. The strategic corner location is further amplified by the imminent construction of a new road (Flagler Blvd) connecting to Highway 312, creating a prime corner lot for development. This development will add significant value to the property. The site's potential is substantial, with the possibility of constructing up to 50,000 square feet of brand new commercial space. The area is experiencing significant residential growth, with Pulte Homes and Cordova Palms Homes already having built and subdivided lots for over 1000 single-family homes. Further residential development is anticipated in the coming years, creating a strong demand for commercial services. The property is zoned for new commercial development and has already attracted interest from national and Florida-based retail chains, including Publix and Hilton Hotels. The current owner is open to selling the parcel outright or exploring a joint venture partnership requiring a $2.5 million investment. This property offers a projected 18% internal rate of return (IRR), making it an attractive proposition for discerning investors. The APN is 07443000010. This is a rare opportunity to acquire a prime commercial site in a rapidly expanding area.

Location Insight

City

St. Augustine

County

St. Johns

State

Florida

Longitude

-81.3681

Latitude

29.986