2555 & 2575 US Highway 1
St. Augustine
Florida
United States
32086

MLS#: 237477

$3,375,000 USD

Minimum sellable space
479m² (5,152ft²)
The details

Property features

Date Updated: Jan 22, 2024

Area

Property size
479m² (5,152ft²)
Land/Lot size
9,024m² (97,138ft²)

Description

DEVELOPMENT OPPURTUNITY 300FT ON US1 SOUTH! The land is 2.23 acres totaling 97,138 SF. Zoned CI Commercial Intensive with Mixed Used Land Use (descriptions in Docs). It has 300 feet of Us1 frontage and a daily traffic count of ruffle 39,500. The property has four designated entrances, 2 on each end. Current taxes are roughly $15,500. This property has county water, sewer and gas, as well as an operating well and septic. Southern building-(1) was built in 1980, is 5,152 SF and has 3 leasable units. One unit is leased to a car dealer. Lease will end 3/25, no right to renew. Building is on well and septic. Septic was pumped in 2023 by Burney's Septic. Arnett A/C services the 4 A/C units and has 4 power meters. Two drive accesses. Portion of this building is leased to a Car Dealer. No right to renew. Lease term is through 5/10/25 Northern building- (2) was built in 1959, is 1232 SF. Building includes Grease trap and grind pump. Building is on county water, gas, and sewer with a lift station running under us1. In 2010 200-amp service was installed. It has two A/C units. Currently leased as a restaurant. No right to renew. Lease term is through 3/24.

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Location

2555 & 2575 US Highway 1
St. Augustine
Florida
United States