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2960 STATE ROAD 16, Saint Augustine, FL, 32092 | $1,695,000
SEE VIDEO under 'Facts & Features' & 'Virtual Tour'.
Please note: This is one listing that includes two adjacent parcels with separate addresses, being sold together as a single offering totaling nearly 2 acres.
Positioned along the rapidly growing State Road 16 corridor, this exceptional commercial opportunity offers outstanding visibility and future development potential in one of St. Johns County's most active growth areas. The property is strategically located between Mill Creek, Murabella, World Golf Village, and the new Elevation Pointe development currently under construction.
Directly across from Elevation Pointe's multifamily community, the site is strategically positioned to benefit from ongoing residential and commercial expansion. Less than 1, 200 feet east of the property, the recently opened Publix-anchored shopping center provides a strong retail draw within Elevation Pointe, a master-planned development expected to feature approximately 750 multifamily units and more than 196, 000 square feet of commercial space. Adding to the area's momentum, State Road 16 is planned for expansion to five lanes, further improving accessibility and traffic flow. The property's Commercial PUD zoning provides flexibility for a wide range of commercial uses, including banks with drive-thru facilities, convenience stores with fuel sales, car washes, quick-service restaurants with drive-thru service, retail establishments, and other permitted commercial uses, subject to applicable PUD requirements.
Included in the sale are Lot 2950 (Parcel ID 0874100030) and Lot 2960 (Parcel ID 0874100000), offered together as one development opportunity in a high-growth corridor.
Features
- Lot Desc: Other
- MLS#: 2149909
- Days on Market: 10 days
- Website: https://www.raveis.com
/prop/2149909/2960stateroad16_saintaugustine_fl?source=qrflyer
Listing courtesy of EXP REALTY LLC
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2960 STATE ROAD 16, Saint Augustine, FL, 32092
$1,695,000
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 | $1,356,000 | $1,356,000 | $1,356,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.110% | 6.097% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,021 | $8,130 | $11,351 |
| Total Monthly Payment | $8,146 | $8,255 | $11,476 |
* 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