BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
$8,000,000
5670 State Road 16
Details
Property Type Land, Industrial
Sub Type Warehouse, Industrial
Acreage 21.580
Land | 21.58 acres
Marketing description
St. Augustine is experiencing a notable upswing in economic and commercial activities. As a city famed for its rich history and vibrant tourism industry, recent trends indicate a diversification in economic drivers, including technology startups, retail sectors, and hospitality services. The demand for commercial spaces in burgeoning sectors has increased as local businesses and multinational companies seek strategic footholds within the region, taking advantage of its economic vibrancy and growth potential. The St. Johns County area, encompassing St. Augustine, is one of the fastest-growing counties in Florida. The expanding residential developments highlight a community-centric growth model, attracting families and professionals seeking enhanced quality of life. This transformation is underpinned by top-rated educational institutions, recreational amenities, and a blend of suburban and coastal lifestyles. As residential communities expand, they contribute to an increased patronage of local businesses, creating synergistic development opportunities for commercial investors. These impacts promise robust demand for retail, office, and service-oriented commercial facilities, aligning with consumer convenience and accessibility needs.
Investment highlights
- 21.58 Acres Gross, Currently Zoned Open Rural with Residential C Land Use - 6 Units Per Acre
- Previous Development of 216 Multi-Family Units was denied by BCC in 06/2023.
- Close Proximity to Jacksonville for convenient access to Urban amenities
- Ideal for mixed-use retail, industrial development and large-scale projects
- Ample space for institutional, retail, manufacturing, distribution, or storage facilities
- Commercial Potential for future expansion and growth in St. Johns County
- Easy Access to major transportation routes for logistical efficiency
- Potential for investment in land banking or future development opportunities
- Prime location for industrial and commercial ventures, currently favored by County
Listing Contacts
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
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