303 Ponce De Leon BlvdSt. Augustine, FL 32084

Property Details for 303 Ponce De Leon Blvd

Year built

1980

Lot size

1.04 AC

Zone code

CM2

Property type

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.

• 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

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