3950 LEWIS SPEEDWAY $4,400,000

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    3950 LEWIS SPEEDWAY ST AUGUSTINE, FL 32084

    • 4.80 Acres
    • Land
    MLS# 959039 | Active

    $4,400,000

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    Days On Market: 263 0 Views
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    Property Details

    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.

    • General Features
      • County St. Johns
      • Acreage (Range) 2 1/2 to 5 Acres
      • Association Fee Frequency N/A
      • Association Fees $0
      • Lot Description High and Dry, Regular Lot
      • Occupancy Negotiable
      • Presently Zoned Industrial
      • Road Surface Asphalt Road
      • Subdivision FRANCIS P FATIO
      • Subdivision Legal Name ST AUGUSTINE
      • Total Acreage 4.8
    • Property Features
      • Lot Location Other
      • Restrictions Leased
      • Buildings Other Building(s)
      • Utilities Sewer - Near Site, Sewer - Septic Sys, Water - Near Site, Water Well(drinking)
      • Road Frontage 2 Lane Road

    Contact

    Mary Higginbotham

    Realtor, MRP

    RE/MAX Unlimited

    Mobile Phone: 904-945-4749

    Neighborhood

    32084 (ST AUGUSTINE) Demographics

    39Median Age
    711Population Density (per sq. mile)
    33%College Educated
    $42,866 Estimated Median Income
    7,582Estimated Total Home Owners
    4,928Estimated Total Renters
    61% / 39%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    33,844Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    128 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,400,000
        9/25/2018 1:13:00 PM New in Database Source

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        ©2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved. Data last updated: 6/16/2019 9:12:08 AM. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.

        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 Florida 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. IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.