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840 State Road 16, Saint Augustine, FL, 32084 | $1,150,000
Owners will strongly consider a lengthy land lease or a BTS (Build to Suit) with a Nationally Recognized Tenant w A+ Rating. State Road 16's ONLY-PAD READY SITE !! APPROX 26, 000 Cars per day or 9. 5 Million/yr. Fully planned and permitted with the SJRWMD, COSA (water & sewer) and FDOT (median turn & decel lane) & FDEP wastewater permits issued. Master Planned engineering includes drainage & water runoff & retention ponds etc. See more details below. The new SR 313 which goes from SR 207 to SR 16 has the first mile started & completes in Summer of 2024. The original 3. 5 acre parcel had 2 sites. the larger 2. 28 acre site East of driveway has sold and closed. Two 10, 000 sqft medical bldgs are approved to go in there. This 1. 22 acre site on W side of driveway has entitlements for 6, 000 sqft building (can be bumped up to 8, 000 sqft w/o county commission vote) Build up to 8, 000 sqft with just an approved Minor Modification which is approved internally by building and zoning. Note: Site has approved and paid for concurrency for a 3 lane drive-thru. 1. 22 acre site is ideal for a QSR (Quick Serve Restaurant) perfect for a Bank, pharmacy, outpatient surgical center, microbrewery, craft beer restaurant, specialty retail, medical clinic or medical retail, veterinary office, coffee shop or bakery etc. Entry way is lighted, landscaped & marquee signage. Potential businesses listed above can be operated with or without drive thru's etc. Owners previously paid for concurrency, median turn lane, deceleration lane, upscale lighted and landscaped entry way, lift station, force main, retention ponds, storm drains, fire hydrants, master planning engineering fees, surveys, phase 1 environmental, geotech borings, application/permit fees etc. Over $950, 000 worth of site improvements are completely done and paid for. (Note, previous tests and studies do expire and will need to be updated by purchaser. Originally all test and studies passed). Some of the more recent additions to SR 16 include the following: Zaxby's, WaWA, Chick-fil-A, Culver's, Fidus Roofing, BoJangles, Shores Liquor, Car Wash, , Two Gas Stations, Dollar General. Other commercial projects are in planning stage. As well 3 large housing projects coming soon. One has already broken ground at 2080 SR 16. One just W. of Publix will break ground around May of 2024 and the last one just across from this site is in the permit approval stage currently. Over 1, 000 new units will be coming on line soon needing additional goods and services on 16. Both owners are licensed Realtors in Florida.
Features
- Current Use: Office Building,Restaurant
- Parking: 28-car
- Zoning: PUD
- Lot Size: 1.22 acres
- Acreage: 1.22
- Est. Taxes: $9,173
- MLS#: 181189
- Days on Market: 832 days
- Website: https://www.raveis.com
/prop/181189/840stateroad16_saintaugustine_fl?source=qrflyer
Listing courtesy of FLORIDA HOMES REALTY & MORTGAGE
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
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- 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
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@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
840 State Road 16, Saint Augustine, FL, 32084
$1,150,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $920,000 | $920,000 | $920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.355% | 6.738% | 6.684% |
| Monthly Tax Payment | $764 | $764 | $764 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,891 | $5,891 | $8,014 |
| Total Monthly Payment | $6,780 | $6,780 | $8,903 |
* 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