5940 Us Highway 1, Saint Augustine, FL, 32095

Discover an unparalleled investment and redevelopment opportunity with this expansive 5.17-acre property, comprising six contiguous parcels zoned CI, OR, and RG1. Offering a unique blend of commercial and residential rental properties, this property boasts over 275 feet of prime frontage on US Hwy 1 North, with dual access from both US 1 and Capo Island Road. This property features versatile commercial assets, including a three-bay warehouse suitable for various business operations, a brick building with an accompanying lot ideal for commercial ventures seeking high-visibility frontage, and a 6,356 sq ft warehouse and lot currently leased to a thriving golf cart business eager to remain until redevelopment. The residential component includes a spacious 3,411 sq ft rear mobile home featuring 4 bedrooms, 3 bathrooms, and a large entertainment-ready rear addition. Multiple outbuildings and storage sheds are also included. Additionally, there is a single-wide mobile home, a duplex, and a block-constructed single-family home, all generating steady rental income. All parcels are high and dry, located in desirable Flood Zone X, offering mixed-use zoning flexibility that supports diverse development possibilities. Positioned in the growth corridor between St. Augustine and Jacksonville, this property offers immense development potential. The included parcel numbers are 0745500010, 0745500060, 0745500020, 0745500070, 0745500040, and 0745500050. Please do not approach tenants. All property showings must be accompanied by the listing agent. This property presents an extraordinary chance to capitalize on the dynamic growth of US Hwy 1 North. Whether maintained as a profitable investment or redeveloped into a visionary commercial and residential hub, the potential for long-term returns is immense.

Copyright ©2024 St Augustine & St. Johns County Board of REALTORS Realtor® MLS. All rights reserved
Listing courtesy of GREAT EXPECTATIONS REALTY office: 904-823-3456