For Sale
$2,000,000

0 Agricultural Center DrSt. Augustine, FL 32092

St. Augustine, FL Commercial/Industrial Land

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional 3.28-acre commercial/industrial land parcel in St. Augustine, FL, zoned CI, is available for $2,000,000. This property boasts a projected first-year NOI of $221,000, representing an attractive 11.05% pro-forma cap rate. The land is priced at $18.20 per square foot. Located near the intersection of SR-16 and I-95, this site is ideally positioned for immediate development. All entitlements are in place, and a Phase 1 environmental report is available. A key-card gate is scheduled for installation by July 19th, and front fencing will be completed by July 22nd. An as-built survey is pending final approval. The seller is open to various financing options, including seller financing, cash offers, and potential partnerships. This presents a rare opportunity to acquire a high-potential, nearly operational boat and RV storage facility in a prime location. The APN is 087550-0270. Serious inquiries only. More detailed information is available upon request to qualified buyers.

Highlights

  • Year 1 projected NOI: $221,000.
  • Ready for immediate occupancy.
  • Key-card gate installation: July 19th.
  • Front fence completion: July 22nd.
  • Confidential offering memorandum available upon request.

Property Details for 0 Agricultural Center Dr

Property type
Land, Industrial properties
Lot Size (sq. ft)
142,877 SF

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.9071718
Longitude
-81.4097253
Agricultural Center Dr, St. Augustine, Florida

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0 Agricultural Center Dr
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