4280 RACE TRACK Road, St Johns, FL, 32259 | $4,500,000

FULLY ENTITLED COMMERCIAL PUD DEVELOPMENT SITE IN PRIME ST JOHNS COUNTY LOCATION

- Purchase Price: $4, 500, 000
- Parcel ID: 0057500010
- Size: 10. 64 ± Acres
- Zoning: Planned Unit Development (PUD) - Commercial
- Land Use: Mixed Use

Rare opportunity to acquire a fully entitled commercial Planned Unit Development (PUD) site along the rapidly growing Race Track Road corridor in St. Johns County, Florida.

The property benefits from recorded PUD zoning and an approved Master Development Plan, allowing a wide range of commercial and light industrial uses without the need to rezone. This site is ideally suited for a flex industrial campus, self-storage facility, or a mixed-use commercial development with retail or medical pads fronting Race Track Road.

The approved entitlements allow up to 148, 500 square feet of total development, providing a highly flexible development program that is increasingly difficult to replicate in this submarket. DEVELOPMENT ENTITLEMENTS Maximum Total Building Area: 148, 500 SF Up to 120, 000 SF for light industrial Up to 28, 500 SF for retail, medical, restaurant, and office uses Single approved access point from Race Track Road Central water and sewer service available (JEA) Wetlands and buffers incorporated into approved Master Development Plan PERMITTED USES (Partial List) Flex industrial and warehousing Self-storage / mini-warehouse Medical and professional offices Retail and service-oriented commercial Grocery and specialty food stores Restaurants with or without drive-thru Financial institutions with or without drive-thru Gas station Car wash Veterinary clinic (no outdoor boarding) Recreational vehicle and boat storage SITE HIGHLIGHTS Frontage along Race Track Road within established commercial corridor Strong surrounding residential growth and household incomes Flexible commercial and light industrial entitlement mix Approved density and uses reduce entitlement risk Ideal for phased development or pad split strategy Suitable for owner-user or developer INVESTMENT SUMMARY This property offers a unique opportunity to acquire an entitled commercial development site in one of St. Johns County's strongest growth corridors. The combination of approved commercial and light industrial uses, proximity to dense residential communities, and recorded PUD zoning provides a high degree of development certainty and flexibility for a wide range of end users and investors.

Features

  • Property Type: Mixed Use
  • Current Use: Agricultural, Other
  • Parking: Other, Off Street
  • Approx Sq. Feet: 0
  • Acreage: 10.63
  • Est. Taxes: $16,409
  • Lot Desc: Agricultural, Wooded
  • MLS#: 2134012
  • Days on Market: 37 days
  • Website: https://www.raveis.com
    /prop/2134012/4280racetrackroad_stjohns_fl?source=qrflyer
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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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4280 RACE TRACK Road, St Johns, FL, 32259

$4,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,600,000 $3,600,000 $3,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.263% 6.223% 6.164%
Monthly Tax Payment $1,367 $1,367 $1,367
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,009 $21,874 $30,379
Total Monthly Payment $22,501 $23,366 $31,871

* 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.