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3950 LEWIS SPEEDWAY- ST AUGUSTINE- FLORIDA 32084 MLS 959039For sale

3950 LEWIS SPEEDWAY, ST AUGUSTINE, FLORIDA 32084

$4,400,000
0 Bedrooms
0 Bathrooms
0 Sqft
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.

Basic Details
Vacant land
Vacant Land
For sale
959039
$4,400,000
0
0
0
0 Sqft
0
0 Sqft
Address Map
: US
: FL
: ST. JOHNS
: ST AUGUSTINE
: 336-RAVENSWOOD/WEST AUGUSTINE
: 32084
LEWIS SPEEDWAY
3950
W82° 39' 42.1''
N29° 56' 21.3''
MLS Information
04-18-2019 13:56:44
Active
04-18-2019
505
Other
J R MCNEAL COMPANY
2 1/2 to 5 Acres
Industrial
N
FRANCIS P FATIO
ST AUGUSTINE
33-ST JOHNS COUNTY-SE
Agent info
Mike Schwiebert
REALTOR INI Realty Investments, INC
3603 Cardinal Point Drive. Jacksonville, FL 32257
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