Current Use by Public Records
- Land
Property Details for 5885 Fl-16
- Lot size
- 5.00 lot acres
- Property type
- Land
Description
This exceptional 5-acre parcel in St. Augustine, Florida, presents a unique investment opportunity. Located at 5885 FL-16, this property boasts approximately 200 feet of frontage on State Road 16, offering excellent visibility and accessibility. Zoned PUD, it allows for a variety of development possibilities. The total usable land area is approximately 3 acres, with development rights estimated at 36,000 square feet. Conveniently situated near I-95, this location provides easy access to major transportation routes. City water and sewer services are available. The property is currently undergoing clearing and filling, and will be delivered ready for development. The seller will deliver the land cleared and filled. This property could be combined with the adjacent parcel at 5865 SR 16 for a total of approximately 10 acres, available for $3,750,000. The asking price for this 5-acre parcel is $1,850,000. This is a rare opportunity to acquire a strategically located and well-prepared commercial and residential development site in a thriving Florida market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Augustine
- County
- St Johns
- State
- Florida
- Longitude
- -81.5032
- Latitude
- 29.9709
