250 Commercial DrSt. Augustine, FL 32092

  • Mixed-use properties
  • 4,551 SF
For Sale
$949,000 View listing

Property Details for 250 Commercial Dr

Year built
2000
Construction
WOOD
Lot size
2.77 AC
Property size (Sq ft)
4,551 SF
Zone code
CHT
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
087550 0190
APU
875500190

Description

This exceptional 1.4-acre commercial and industrial land parcel, located at 250 Commercial Drive in St. Augustine, Florida (APN 087550-0190), presents a unique investment opportunity. Zoned CHT, this cleared lot offers a multitude of development possibilities within a thriving mixed-use district. The property enjoys a highly desirable location just off the SR16 exit from I-95, a rapidly developing transportation corridor in St. Augustine. The strategic location provides easy access to major roadways and places the property in close proximity to established national tenants, multiple hotels, and an industrial park, ensuring high visibility and potential for strong returns. The asking price is $949,000. There's potential for expansion

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $814,500
    6.5%
    $751,847
    7%
    $698,143
  • Comparable approach

    Method
    Valuation
    Relative Method
    $309,514
    Geo Method
    $309,514
  • Alternative Use

    Use
    Valuation
    Residential
    $932,290
    Hospitality
    $853,972
    Educational
    $710,495
    Medical
    $734,930
    Retail
    $1,105,214
250 Commercial Dr, St. Augustine, Florida

Location Insight

City
Saint Augustine
County
St. Johns
State
Florida
Latitude
29.9143
Longitude
-81.4125
CBSA code
27260
CBSA name
JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,364
-
-
$746,710
-
$542,974
$203,736
$746,710

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