250 Commercial DrSt. Augustine, FL 32092

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

Investment properties

Property subtype

Live-work space

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

• 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

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

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