5680 State Road 16
5680 State Road 16 St. Augustine, Florida 32092 United States

$6,600,000
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Mixed-use development opportunity strategically located ½ mile west of the signalized intersection of International Golf Parkway and State Road 16 and just ¼ mile west of the SR 16 and CR 16A intersection where the new community entrance to...

First Coast Sotheby's International Realty

Joe Hatin
  • Real Estate Professional
81 King Street Suite B
St. Augustine, Florida 32084 United States
$6,600,000
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22.87 Acres
Exterior
Commercial
Property type
9MLT6S
Web Id
199666
MLS ID
St. Johns County
School District
112
days ago

About 5680 State Road 16

Mixed-use development opportunity strategically located ½ mile west of the signalized intersection of International Golf Parkway and State Road 16 and just ¼ mile west of the SR 16 and CR 16A intersection where the new community entrance to Silverleaf is currently being completed. This International Golf/SR 16 intersection is anchored by a community shopping center with a Publix, Walgreens, CVS, Flagler Health as well as the planned Publix Greenwise coming in 2021. The First Coast Expressway will also be coming to the area just north of this tract by the existing Mill Creek Elementary school and the new High School set to open in the fall of 2021. The population growth over the next 5 years is 3.30% annually while household growth is 3.29% annually in a one to five-mile radius. Average household income is $122,287 and is projected to be $140,053 in five years in 2025. The annual average daily traffic count is 20,500 cars for SR 16 in front of the subject property. This is one of the fastest growing regions in St. Johns County and is undergoing dramatic growth for future development with increasing populations.


features

lot description
Access Type Road, State Road
5680 State Road 16, St. Augustine, Florida 32092 United States is a Commercial for Sale for $6,600,000. Was built in , has on a lot of 22.87 Acres and it's composed from Bedrooms, full baths