303 Ponce De Leon BlvdSt. Augustine, FL 32084
- Retail properties
- 1.04 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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