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DESCRIPTION

Two Strategies: Build a 90,000 sq. Ft., three story office building, or hold for two to five years and sell to St. Johns County, or both. Due to the extreme growth rate of St. Johns County, they will surely need to expand. Current Gross Income from the boat and trailer rental tenants and a cell tower is $24,048 annually. An additional $58,200 annually would be available from renting the 7,000 Sq. Ft. Warehouse and 1,800 SF home/office currently being used by the owner. Building the office building would require a rezoning from IW to CI or PUD. Excellent land banking opportunity.

KEY DETAILS
  • Price:
  • $4,400,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 4.80
  • MLS #:
  • 959039
  • Street Address:
  • 3950 Lewis Speedway
  • City:
  • St. Augustine
  • State:
  • FL
  • Postal Code:
  • 32084
  • County:
  • St. Johns
  • Area:
  • Ravenswood/West Augustine
  • Subdivision:
  • Francis P Fatio
  • Listing Status:
  • For Sale - Active

Building

  • Total # Of Buildings:
  • Other Building(s)

Land

  • Approximate Acres:
  • 4.80
  • Conforms To Zoning:
  • Iw
  • Lot Description:
  • High & Dry, Regular Lot
  • Lot Size:
  • 2 1/2 To 5 Acres
  • Road Frontage:
  • 2 Lane Road
  • Road Type:
  • Asphalt Road

Listing

  • Days On Market:
  • 679

Source

  • Listing Provided By J R McNeal Company

    This data is up-to-date as of 8/5/2020 11:44 AM CST For the most current information, contact EXIT Realty.
    ©2020 Northeast Florida Multiple Listing Service, Inc. All rights reserved.


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NOTES

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