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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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 |
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|---|---|---|---|
| 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.