Rare Opportunity to own a Prime Commercial Property located along the coveted Entry Corridor leading to Historic Downtown St Augustine! Situated on a Prime Corner on San Marco Ave and landing from SR16, leading to Downtown St Augustine which welcomes nearly 8 Million Visitors per year! Currently operating as a successful, and much sought after wedding and events venue, this prime 1.8+/-acre parcel has tremendous potential with CM-2 Zoning and 400' of prime San Marco Ave frontage! With "Air-Rights" - Building height limits of up to 35' as-per-right - and No Historical Redevelopment Restrictions the potential for Retail, Hotel/Motel, and many other redevelopment options are boundless.
259 San Marco Ave, Saint Augustine, FL, 32084
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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