3950 Lewis Speedway, St Augustine, 32084

Vacant Land For Sale in Francis P Fatio

$4,400,000

Beds
Baths
Sqft
4.8Acres
Built
326DOM
MLS® #: 959039
Active, 326 Days on Market

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.

Essential Information

MLS® #: 959039
Price: $4,400,000
Acres: 4.80
Type: Vacant Land
Sub-Type: Vacant Land
Status: Active

Community Information

Address: 3950 Lewis Speedway
Area: 336-ravenswood/west Augustine
Subdivision: Francis P Fatio
City: St Augustine
County: ST. JOHNS
State: Florida
Zip Code: 32084

Amenities

Utilities: Water Well(drinking), Sewer - Septic Sys, Water - Near Site, Sewer - Near Site

Exterior

Lot Description: Regular Lot, High & Dry

Additional Information

Days on Market: 326
Zoning: IW
HOA Fees: 0.00
HOA Fees Freq.: N/A

Listing Details

Listing Office: J R MCNEAL COMPANY

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 RE/MAX Specialists are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on August 17th, 2019 at 6:38pm EDT.