US-1 Redevelopment Opportunity

2575 US Hwy 1 S., St. Augustine, FL 32086

St. Augustine
FOR SALE
Property Type:
Other Land
Amount:
$3,150,000
Last Verified:
Apr 04, 2025

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Highlights

  • 40,000 AADT
  • Separate Ingress / Egress
  • 300+/- US-1 Frontage
  • One of the largest available sites on US-1

Description

Prime redevelopment opportunity on US-1 South! This expansive parcel offers 303 feet of road frontage with separate ingress/egress. Boasting a high-traffic count of 40,000 cars per day, the location ensures maximum visibility. Currently, the property features a full-service restaurant and a vacant retail building, but the true value lies in its redevelopment potential. Don’t miss this rare chance to invest in one of the largest available parcels on US-1!

Located in the heart of St. Augustine's Busiest corridor being just South of WalMart, Wawa and across the street from a new Autozone. This property is on the "Going Home" side of US-1.

Lot Size: 2.23 acres


Documents

Offering Memorandum

Map of 2575 US Hwy 1 S., , St. Augustine, FL, 32086

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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.
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