Cobblestone Development Opportunity

Old Moultrie Road Saint Augustine, FL 32086

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FOR SALE Incentives
Property Type:
Multifamily Land
Amount:
$1,900,000
Last Verified:
Apr 21, 2017


St. Augustine, FL

Front Street Commercial Real Estate Group is a boutique, full service, commercial real estate service firm offering its clients brokerage, leasing, property management and mortgage banking solutions. We are INVESTED in our clients, the community and in the commercial real estate industry. Through our INVESTED program, we give 10% of all brokerage revenue to local, cause-related organizations. Our mission is to impact our community, clients, and industry by doing commercial real estate differently. Our vision is to serve a select group of owners and users of commercial real estate by leveraging the experience of our specialized, collaborative, team and to impact our community through investment in cause-related organizations.
Premium development opportunity available for sale on Old Moultrie Road proximate to US-1.

Subject property features existing on-site master retention, over $2 million of infrastructure already in place, and a $400,000 mobility fee credit.

This site is located in St. Augustine's historic district, situated among many residential developments, and proximate to Flagler Hospital and many other national retailers and restaurants.
Lot Size: 9.59 acres

Map of Old Moultrie Road, Saint Augustine, FL, 32086

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.