|
5703 - 5795 S A1A, Saint Augustine, FL, 32080 | $3,500,000
This rare assemblage includes 10 contiguous parcels creating a significant block-sized development opportunity along S. A1A in St. Augustine, Florida, one of the area’s most sought-after coastal corridors. With substantial frontage, strong visibility, and Commercial General (CG) zoning, the property offers the scale, flexibility, and location that developers look for when planning a larger commercial or mixed-use project. What makes this opportunity especially compelling is the ability to generate residual income while you plan, entitle, and phase future development. The site is currently improved with an approximately 1, 680 SF retail building, a 23-unit self-storage facility, and 16 secured boat/RV parking spaces, providing in-place revenue that can help offset holding costs and expenses during the pre-development period. The CG zoning allows for a broad range of commercial uses, opening the door to retail, service-oriented businesses, destination-oriented concepts, or a more comp For investors and developers, this is more than an income-producing property. It is a chance to control an entire stretch of contiguous frontage in a high-demand corridor, with current cash flow providing a measure of downside protection until the timing is right to execute a larger vision.
Features
- Zoning: CG
- Lot Size: Regular
- Approx Sq. Feet: 6,685
- Acreage: 2.35
- Est. Taxes: $20,558
- MLS#: 261884
- Days on Market: 43 days
- Website: https://www.raveis.com
/prop/261884/57035795sa1a_saintaugustine_fl?source=qrflyer
Listing courtesy of Coldwell Banker Commercial Premier Properties
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5703 - 5795 S A1A, Saint Augustine, FL, 32080
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | $1,713 | $1,713 | $1,713 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,013 | $17,468 | $23,818 |
| Total Monthly Payment | $18,851 | $19,306 | $25,656 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388