Excellent development opportunity along State Road 16 in St. Augustine, Florida, totaling 6.86± acres (2.93± and 3.93± acres) across parcels 0286220000, 0286210000, and 0286200000. The property offers approximately 520 feet of frontage along SR 16, providing exceptional visibility and access with an average daily traffic count of 20,500 vehicles. Roadway improvements are underway in the area, with the expansion of SR 16 approved to widen from two lanes to four lanes, and a new traffic light already installed at the nearby intersection of SR 16 and S. Francis Road. Zoned Open Rural (OR), the site includes a single-family home and is mostly cleared and ready for development. Located just five miles from the St. Augustine Premium Outlets, this property benefits from strong traffic volume, convenient access, and proximity to one of the area's fastest-growing commercial corridors. Additionally, an adjacent 5.03-acre parcel is currently under contract.
4410 STATE ROAD 16, Saint Augustine, FL, 32092
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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