Property Description

PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY IN A RAPIDLY GROWING AREA OF ST. AUGUSTINE! Discover approximately 1.2 acres of land ideally situated directly behind Target, just off US Highway 1, in the heart of an expanding residential and commercial corridor. Surrounded by exciting new development, including Toll Brothers' Sebastian Landing luxury waterfront community, The Southerly Apartments, The Shipyards marina and boat storage facility, and the popular waterfront restaurant Asado Life. This exceptional location offers convenient access to US Highway 1, SR 207, downtown St. Augustine, and the Intracoastal Waterway. The property is currently in the process of being rezoned to Commercial Intensive (CI), creating exciting possibilities for future commercial development, subject to zoning approval and applicable regulations. Adding to its potential value, the property was previously improved with multiple residential homes and a commercial building, creating the possibility of valuable impact fee credits for future development, subject to verification and approval by the appropriate authorities. With significant residential growth, established national retailers, nearby waterfront amenities, and ongoing investment in the surrounding area, this property presents an outstanding opportunity for investors, developers, and business owners looking to establish a presence in one of St. Augustine's growing commercial corridors. LOCATION. GROWTH. OPPORTUNITY. Don't miss your chance to capitalize on this exceptional development site!