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216, 218 Fl-16

St Augustine, FL 32084
  • $2,100,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 1125732
UPDATED: 49 min ago
$2,100,000
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1952
County:

School Ratings & Info

Description

This is a rare opportunity to own a stabilized income producing trio of parcels located at the high visibility intersection of Masters and SR 16. With almost ⅔ of an acre, the parcels have over 170 feet of frontage on SR 16 just where traffic enters and exits St. Augustine to and from 95. Seven fully furnished units plus an operating, high visibility, car dealership bring in income which can be further increased by converting to short term rentals with its generous CI (Commercial Intensive) zoning. Or, use the nearly square configured combined lots for the highest and best use by maximizing the CI zoning. As St Augustine grows, the intersection of Masters and SR 16 is one of the highest passed locations, giving any business exceptional exposure.

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© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Cady Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-10-25T16:24:26.74.

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216, 218 Fl-16 St Augustine, FL 32084

  • Price: $2,100,000
  • Status: Active
  • Updated: 49 min ago
  • MLS #: 1125732
0
Beds
0
Baths
0
½ Baths
0.64
Acres
1952
Built
Neighborhood:
33-St Johns County-Se
County:
St. Johns
Area:
33-St Johns County-Se
Property Description
This is a rare opportunity to own a stabilized income producing trio of parcels located at the high visibility intersection of Masters and SR 16. With almost ⅔ of an acre, the parcels have over 170 feet of frontage on SR 16 just where traffic enters and exits St. Augustine to and from 95. Seven fully furnished units plus an operating, high visibility, car dealership bring in income which can be further increased by converting to short term rentals with its generous CI (Commercial Intensive) zoning. Or, use the nearly square configured combined lots for the highest and best use by maximizing the CI zoning. As St Augustine grows, the intersection of Masters and SR 16 is one of the highest passed locations, giving any business exceptional exposure.
Exterior Features

Building Stories 2 Stories Lot Description Regular Lot Navigable To Ocean YN No Parking Facilities Other Parking Road Surface Asphalt Road Waterfront YN No

Interior Features

Total Bldg Sq Ft 4331.00

Property Features

Buildings 3 Buildings Commercial Type Investment Current Zoning Ci Development Status Other Present Use Zoned CommercialHotel/MotelRes - Multi-FamilyRetail Square Foot Source Tax Roll Type Potential Use Bed & BreakfastBusinessBusiness With ReCommercialFull Service LeaseHotel/MotelInvestmentMini WarehouseMulti-FamilyOtherRetail Units 5 - 10 Units Use Of Adjacent Area CommercialMulti-FamilyResidential Utilities Water - Public

Listing courtesy of Exp Realty Llc.


© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Cady Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-10-25T16:24:26.74.

Digital Millennium Copyright Act
 
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Cady Realty
3568 St Johns Ave
Jacksonville FL, 32205