Pending

5680 STATE ROAD 16

ST AUGUSTINE FL, 32092

$6,600,000


Pending

Commercial

Mixed-use development opportunity strategically located 1/2 mile west of the signalized intersection of International Golf Parkway and State Road 16 and just 1/4 mile west of the SR 16 and CR 16A intersection where the new community entrance to Silverleaf is currently being completed. This International Golf/SR 16 intersection is anchored by a community shopping center with a Publix, Walgreens, CVS, Flagler Health as well as the planned Publix Greenwise coming in 2021. The First Coast Expressway will also be coming to the area just north of this tract by the existing Mill Creek Elementary school and the new High School set to open in the fall of 2021. This is one of the fastest growing regions in St. Johns County and is undergoing dramatic growth for future development with increasing populations. The population growth over the next 5 years is 3.30% annually while household growth is 3.29% annually in a one to five-mile radius. Average household income is $122,287 and is projected to be $140,053 in five years in 2025. The annual average daily traffic count is 20,500 cars for SR 16 in front of the subject property.

1082566

MLS ID

October 14, 2020

Listed

May 9, 2024

Updated

Map

5680 STATE ROAD 16
ST AUGUSTINE FL, 32092

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

22.87 Acres


Lot Features

Suburban, Irregular Lot

Other Property Details

Area Name

305-WORLD GOLF VILLAGE AREA-CENTRAL


Garage

No


Parking

Other Parking


View

No


County

ST. JOHNS


Pool

No


Buyer Agency Compensation

2%

Courtesy of FIRST COAST SOTHEBYS INTERNATIONAL REALTY

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Data last updated 10:59 AM UTC, 5/9/2024

 

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