5643 State Road 16 St. Augustine, FL 32092

This exceptional 2.96-acre mixed-use property in St. Augustine, Florida, presents a compelling redevelopment opportunity. Located at 5643 State Road 16, this offering comprises two parcels (PIN: 028740-0070 & 028740-0020) sold together, boasting 187 feet of frontage on a high-traffic road. The property is currently vacant and zoned OR, with an annual average daily traffic count of 9,100 vehicles. Its prime location suggests a highest and best use as commercially zoned PUD (Planned Unit Development). The existing zoning offers potential advantages, including possible impact fee credits if the existing residential structures are maintained. Built in 1977, this property is priced at $1,225,000 and presents significant potential for investors seeking to capitalize on its strategic location and redevelopment possibilities in a thriving Florida market. The substantial lot size and high traffic volume make this an ideal site for a variety of commercial ventures. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity.