3950 Lewis Speedway

    St Augustine, FL 32084
    • $4,400,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 959039
    $4,400,000
    • 0
      BEDS
    • 4.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Two Strategies: Build a 90,000 sq. Ft., three story office building, or hold for two to five years and sell to St. Johns County, or both. Due to the extreme growth rate of St. Johns County, they will surely need to expand. Current Gross Income from the boat and trailer rental tenants and a cell tower is $24,048 annually. An additional $58,200 annually would be available from renting the 7,000 Sq. Ft. Warehouse and 1,800 SF home/office currently being used by the owner. Building the office building would require a rezoning from IW to CI or PUD. Excellent land banking opportunity.

    Monthly Payment Calculator



    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-10-15T00:25:19.83.

    Digital Millennium Copyright Act
    www.exitrealestategallery.com/homes/87916058

    3950 Lewis Speedway St Augustine, FL 32084

    • Price: $4,400,000
    • Status: Active
    • MLS #: 959039
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.8
    Acres
    Neighborhood:
    Francis P Fatio
    County:
    St. Johns
    Area:
    33-St Johns County-Se
    Property Description
    Two Strategies: Build a 90,000 sq. Ft., three story office building, or hold for two to five years and sell to St. Johns County, or both. Due to the extreme growth rate of St. Johns County, they will surely need to expand. Current Gross Income from the boat and trailer rental tenants and a cell tower is $24,048 annually. An additional $58,200 annually would be available from renting the 7,000 Sq. Ft. Warehouse and 1,800 SF home/office currently being used by the owner. Building the office building would require a rezoning from IW to CI or PUD. Excellent land banking opportunity.
    Exterior Features

    Approx Parcel Size 2 1/2 To 5 Acres Buildings Other Building(S) Lot Description High & DryRegular Lot Lot Location Other Navigable To Ocean YN No Road Frontage 2 Lane Road Road Surface Asphalt Road Waterfront YN No

    Property Features

    Assessments No Assessments Assoc Fee 0.00 Assoc Fee Freq N/A Association Fee No Cdd Fee 0.00 Cdd Fee YN No Country Usa Current Zoning Iw Legal Name Of Subdiv St Augustine Occupancy Negotiable Possible Financing CashConventional Presently Zoned Industrial Presently Zoned Land Use Code Mixed Use Property Type Desc Acreage Requirements Leased Utilities Sewer - Near SiteSewer - Septic SysWater - Near SiteWater Well(Drinking)

    Listing courtesy of J R Mcneal Company


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-10-15T00:25:19.83.

    Digital Millennium Copyright Act
     
    EXIT Real Estate Gallery
    1929 Park Avenue
    Orange Park FL, 32073