$1,200,000

Description of 901 W King Street, St. Augustine - MLS# 1237456

1.6-acre commercial land parcel on W. King Street in St. Augustine, Florida -- located within the West Augustine Commercial Overlay District in St. Johns County's 32084 ZIP code. The site carries 11,000 annual average daily traffic count on W. King Street and sits two miles west of downtown St. Augustine's historic district. The West Augustine Overlay designation allows multi-family, commercial, and mixed-use development by right -- without the need to rezone to a Planned Unit Development. Permitted uses include financial institutions, medical and professional offices, retail goods stores, specialty food stores, take-out restaurants, service businesses, mini warehouses, spas and gyms, gas stations, supermarkets, child and adult care facilities, art galleries, and more. Flexible design standards reduce setbacks, buffering, screening, and parking requirements, increasing the developable footprint of the parcel. The overlay district encompasses approximately 2,155 acres in West Augustine, a community identified by St. Johns County as an economic development priority. Florida Memorial University is actively developing 340+ acres within the district. Family Dollar has opened as the first national retailer to anchor the corridor. Economic incentives are available on a case-by-case basis through the St. Johns County Economic Development Office. The property consists of multiple assembled parcels with direct W. King Street frontage. No HOA. No CDD. Access via US-1 north to W. King Street. Highways serving the corridor include I-95, I-10, US-1, SR-16, and SR-207. Northeast Florida Regional Airport and Jacksonville International Airport are both accessible from this location. 901 W. King Street is positioned at the early stage of a county-supported commercial revitalization -- offering land area, traffic exposure, and overlay flexibility that smaller infill parcels in this corridor cannot match.

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