This high-visibility commercial redevelopment opportunity is located directly on US-1 with approximately +/-100 feet of high-visibility frontage, offering exceptional exposure in a prime growth corridor between St. Augustine and Jacksonville. Comprising two contiguous parcels with additional land being added through a planned split, the total site will encompass approximately 0. 72 acres, making the highest and best use redevelopment. The primary parcel, 0745500020, consists of a substantial commercial structure built in 1980 with a total of 6, 356 square feet. The front portion includes 1, 200 square feet of finished, air-conditioned office space, while the rear features a 5, 156 square foot warehouse with a three-bay loading dock, supporting a variety of commercial or mixed-use concepts. The property is currently operated as a golf cart business, with the seller occupying the property, and they are open to remaining to provide interim income up until redevelopment or can vacate at closing depending on the buyer's preference. Parcel 0745500070 is contiguous and currently functions as a rear parking area, enhancing access and operational flexibility. In addition, an approximate 5, 400 square foot section will be split from adjacent parcel 0745500060 and added to the assemblage, increasing both land area and frontage. The resulting site will be largely C-1 zoned, with a portion designated OR, allowing for a broad range of commercial and mixed-use development options. The property is entirely high and dry and located in Flood Zone X, further strengthening its development appeal. Surrounded by established commercial and residential uses and positioned along a heavily traveled US-1 corridor, this site presents a rare opportunity for investors or developers seeking scale, visibility, and zoning flexibility. Adjacent commercial and residential parcels are also available and may be purchased separately or in combination with this offering. Please reference MLS numbers ______ for the adjacent available parcels, and MLS number #245926 for the full assemblage package.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,880,000 | $1,880,000 | $1,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.086% | 5.972% |
| Monthly Tax Payment | $586 | $586 | $586 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,674 | $11,272 | $15,612 |
| Total Monthly Payment | $11,385 | $11,983 | $16,323 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.