19
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$5,974,000
Est. payment /mo
12.01 Acres Lot
Price Dropped by $2.0M
1900 State Road 16 St Augustine, FL 32084
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Key Details
Property Type Vacant Land
Sub Type Land/Acreage
Listing Status Active
Purchase Type For Sale
Subdivision Ravenswood
MLS Listing ID 255876
HOA Y/N No
Tax Year 2025
Lot Size 12.010 Acres
Acres 12.01
Property Sub-Type Land/Acreage
Property Description
This 8.36 acre site has approximately 684 Front Footage on SR 16. No other listed properties in the immediate market area comes close!! Site is in the process of being planned and permitted for potential entitlements up to 70,000 sqft. Virtually all of SR 16 has become a High Demand/High Traffic Area with this section generating 43,000+ AADT per the 2024 study. The majority of sites available two years ago are now in some phase of site plan approval, preclosing or vertical construction. Note: there is a Median Cut already in place on 16 going directly in front of the driveway. This of course is Huge as it provides easy access for customers going in either direction. The way the site plan is laid out now demonstrates that there would be two buildable sites on each side of the drive fronting SR 16. The site East of the drive would be 2.1 acres fronting 16 plus a .43 ac share in the retention for a total of 2.53 acres. Please Click More for further details. The site West of the drive would be 3.29 ac frontage, plus .69 ac share of retention, totaling 3.98 ac. Additionally, in back of the East 2.1 ac site sits a 1.53 ac site that can accommodate up to an 18K square foot, 5 story structure. As per the site plan the 1.44 acre retention pond is situated in back of the West 3.29 ac site. Your clients can purchase the full 8.36 acres, the 2.53 ac site on the East side of the drive, or the 3.98 ac site on the W. side of the drive. Any which way you slice it your client can not possibly get better exposure than these sites afford. note: the 1900 and the 1910 SR 16 listings are the same parcel of land with different approaches as to how the 8.35 acres are marketed & or developed. Pricing breakdown for different purchase options as follows: Option 1: Purchase the entire 8.36 acre site for $5,974,000 (parcel numbers 1-4 on site map) as per this 1900 SR 16 Listing. Option 2: Purchase the smaller 2.53 ac site E. of the drive (parcel 2) for $2.2M (acreage includes the E. 1/2 of driveway and a .43 ac interest in the retention) per 1910 Listing Option 3: Purchase the larger 3.98 ac site W. of the drive (parcel 1) for $4M (acreage includes the W 1/2 of driveway and a .69 ac interest in the retention pond) Please note this site W of the drive has two businesses on it which generates income. Option 4: Add parcel 4 on site map to option 2 or 3 for $500K. Parcel #4 is 1.53 ac plus a .32ac for retention (1.85 total). Examples are detailed below. Adding parcel 4 to option 2 would change price from $2.2 to $2.7. Acreage would go from 2.53 to 4.38. (2.53 + 1.8 acres) Adding parcel 4 to option 3 would change price from $4M to $4.5M. Acreage would go from 3.98 to 5.83. (3.98 + 1.85 = 5.83 ac) In a recent review there were only two other parcels with 5 or more acres available in the immediate market area. One had 200 ft Frontage, and the other 225 (as expected, both of those have gone under contract). The attached engineer generated site plan can be developed as shown or in most cases reconfigured to meet the developers vision and needs. All front footages and acreage estimates are based on measurements per the tax roll and other undocumented sources. It is fully the purchasers responsibility to confirm any and all estimates, approximations, calculations or assumptions. Virtually all of SR 16 has become a High Demand/High Traffic Area. Per the traffic count attachments, the AADT in this section of SR 16 was 43,000 per the 2024 update. This of course was before the 4 large rental communities came on line. The vast majority of sites previously available two and a half years ago are now in some phase of site plan approval, preparation for closing or physical site construction. 3 of the 4 new housing projects in the area have come Directly to 16 (please see pics regarding location of these developments). The upscale Tapestry located just to the W. of this site finished construction several months ago and should be nearing stabilization of 300+ units. Gatlin Development just completed another 300+ units in the 1100 block of SR 16 and is leasing. Madison Street started construction of 232 units last April in the 800 to 900 block of 16. The fourth large housing development (Terrassa w 300+ units) is just North of 16 and E. of I-95 where the mall used to be. Clearly this high growth area is in need of commercial retail and services to satisfy the Mushrooming demand. Other commercial (non-residential) projects recently built on 16 include a top end used car dealership (Sunday Drive) which opened in the 2100 blk and the HCA Healthcare Emergency clinic opened at the location previously know as 890 SR 16. In the coming soon category there is a dental bldg w a coffee shop at 45 Village Crossing Ct. formerly know as 840 SR 16, Atlantic Marine is planning a new boat showroom in the 2200 blk., plus a 7-11 with pumps is making plans to open
Location
State FL
County St. Johns
Area 05N
Zoning CI
Exterior
Topography Treed,Wetland (if known)
Building
Lot Description Treed, Wetland (if known)
Water County, Well
Schools
Middle Schools Murray
High Schools St. Augustine
Others
Acceptable Financing Cash, Conv
Listing Terms Cash, Conv
Listed by Florida Homes Realty & Mortgage
Schools and Properties Nearby
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