Major opportunity for growth along one of Saint Augustine’s main entry corridors. State Road 16 is rapidly growing commercially, as developers grab up land to supplement the insatiable housing demand in the Saint Augustine metro area. Catch highway travelers and commuters into town - 43,000 cars by per day (FDOT). This parcel has 225 ft of frontage with roughly the first 350ft of depth completely dry. 0.6 acres of wetlands are minimal and mostly towards the back half of property. Growth region: With county growth and resident income levels rising, businesses may see potential in serving both local residents and regional traffic. Accessibility & Exposure: State Road 16 is a significant thoroughfare in the area — exposure is a strong asset in commercial site selection. Commercial Intensive zoning: Allows for QSR, Gas Station, Hotel, Recreation, etc. Highly attractive C-I zoning for just about any use. Current tenant(s) are on a month to month basis. **DO NOT DISTURB THE TENANTS
1974 State Road 16, 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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