303 Ponce De Leon BlvdSt. Augustine, FL 32084

  • Retail properties
  • 1.04 AC
For Sale
$2,800,000 View listing

Property Details for 303 Ponce De Leon Blvd

Year built
1980
Lot size
1.04 AC
Zone code
CM2
Property type
Retail properties
Property subtype
Other automotive properties
APN
119320 0000
APU
1193200000

Description

This exceptional 1.23-acre lot, located at 303 S Ponce De Leon Boulevard in St. Augustine, Florida (zip code 32084), offers unparalleled development potential. Boasting over 280 feet of frontage on South Ponce De Leon Boulevard, this commercially zoned (CM-2) property enjoys stunning water views overlooking the San Sebastian Waterway and easy access to local marinas. The CM-2 zoning permits a diverse range of uses, including multi-family dwellings, hotels/motels, and various retail/business ventures, making it an ideal site for a mixed-use development. The property's strategic location just south of the entrance to historic downtown St. Augustine positions it for significant growth and high visibility. Further enhancing its appeal, a new city parking garage is planned for a nearby location, increasing accessibility and convenience for future tenants and patrons. This vacant lot presents a unique opportunity to capitalize on the thriving St. Augustine market and create a landmark development in the nation's oldest city. The asking price is $2,400,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,908,325
    6.5%
    $10,992,300
    7%
    $10,207,136
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,756,723
    Geo Method
    $7,756,723
  • Alternative Use

    Use
    Valuation
    Residential
    $9,272,416
    Hospitality
    $8,493,484
    Educational
    $7,066,478
    Medical
    $7,309,506
    Retail
    $10,992,300
303 Ponce De Leon Blvd, St. Augustine, Florida

Location Insight

City
Saint Augustine
County
St. Johns
State
Florida
Latitude
29.8895
Longitude
-81.3241
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
$14,474
-
-
$787,191
-
$769,743
$17,448
$787,191

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