2555 & 2575 US Hwy 1
St. Augustine, Florida 32086, United States

MLS#: 243752

$3,100,000 USD

The details

Property features

Date Updated: Nov 10, 2024

Description

RARE REDEVELOPMENT OPPORTUNITY! 300FT ON US1 SOUTH! The land is 2.23 acres totaling 97,138 SF. Zoned CI Commercial Intensive with Mixed Used Land Use (descriptions in Docs). It has 300 feet of US1 frontage and a daily traffic count of roughly 39,500. The property has four designated entrances, 2 on each end. Current taxes are roughly $15,500. This property has county water, sewer and gas, as well as an operating well and septic. Southern building-(1) was built in 1980, is 5,152 SF and has 3 leasable units. Building is on well and septic. Septic was pumped in 2023 by Burney's Septic. Arnett A/C services the 4 A/C units and has 4 power meters. Two drive accesses. Northern building- (2) was built in 1959, is 1232 SF. Building includes Grease trap and grind pump. Building is on county water, gas, and sewer with a lift station running under US1. In 2010 200-amp service was installed. It has two A/C units. Currently leased as a restaurant. Restaurant tenant will be given six months from time of closing.

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Location

2555 & 2575 US Hwy 1, St. Augustine, Florida 32086, United States
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