218 Highway 16

St. Augustine, FL 32084

$2,750,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a view of outdoor space with signage and flags
an aerial view of city and sign board
unknown
an outdoor space with seating space
a view of a cars parked in front of a house
a view of a house with a yard and garage
a view of a house with backyard and a tree
a car parked in front of a house
a living room with furniture a rug and white walls
a view of a cars park in front of a building
a living room with patio furniture
a living room with furniture and a wooden floor
a view of a yard with cars
a view of a house with backyard and trees
a view of a pathway of a house
a view of a porch with wooden floor and outer view
an empty room with windows and closet
a bedroom with a bed and a flat screen tv
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor and fan
a bathroom with a shower
a bathroom with a shower
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a kitchen with a refrigerator sink and stove
a kitchen with a sink stove and cabinets
a kitchen with a refrigerator a sink and wooden floor
an empty room with wooden floor and windows
a view of an empty room and window
a view of an empty room with wooden floor and a window
a view of an empty room
a view of a room with wooden floor and a ceiling fan
a view of a hallway with wooden floor and entryway
a view of an empty room with wooden floor and a window

Description

Quadplex, Triplex, and One Commercial Unit on 3 combined parcels located at a hard traffic light! Below Market rents, Lots of Value-Add with long-term redevelopment potential! Current Income approx $186,000 with below market rents- once raised gross income would be almost $230,000! The property's prime corner location and proximity to a high-traffic commercial area, highlighted by the adjacent Circle K, enhance its long-term value as a potential redevelopment site. While the car dealership and multifamily...Quadplex, Triplex, and One Commercial Unit on 3 combined parcels located at a hard traffic light! Below Market rents, Lots of Value-Add with long-term redevelopment potential! Current Income approx $186,000 with below market rents- once raised gross income would be almost $230,000! The property's prime corner location and proximity to a high-traffic commercial area, highlighted by the adjacent Circle K, enhance its long-term value as a potential redevelopment site. While the car dealership and multifamily units provide stable, immediate cash flow, the combined 0.61-acre site could attract future interest for higher-density commercial or mixed-use developments. Investors have the flexibility to maintain the existing income-generating properties while exploring future redevelopment opportunities, assembling adjacent parcels, or obtaining entitlements, making this a highly strategic long-term investment.
  1. Listed by Julie Lemke • Remax Market Force

Property Details for 218 Highway 16

Subdivision/Condo
Santa Rosa
Zoning
CI
LISTING UPDATED: 11/18/2024 02:30 PM

Property Details for 218 Highway 16

StatusActive
MLS #245459
Days on Market37
Taxes$1,573 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultifamily / Apartments (5+ Units)
Year Built1971
Lot Size-
CountySt. Johns County

Building Information for 218 Highway 16

Stories-Residences8Year Built1971Building Size-Lot Size-

Property Information for 218 Highway 16

Summary
Location and General Information
  • Area: 05N
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: 1
  • Geo Zoom Level: 16
Taxes and HOA Information
  • CDD: No
  • Lvt Date: 11-18-2024
  • Tax Year: 2023
Property
Lot Information
  • Lot Size: 26600
  • Parcel Id: 091140-0000
Property and Assessments
  • Legal Description: 3/103 SANTA ROSA S PT OF LOTS 33 & 34 BLK 5 OR4558/135
Multi-Unit Information
Multi-Unit Information
  • Gross Annual Income: $175,800
  • Units: 8
Rent Information
Lease/Rent Information
  • Directions: From US1/SR16 Intersection, head west to Subject Property

Property History for 218 Highway 16

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 218 Highway 16

Taxable ValueLand-Additions-Total-
Tax Record2023$1,573 ($131 / month)
Home Facts
Total Finished SqFt1,152 SqFtAbove Grade Finished SqFt1,152 SqFtStories1Lot Size9,120 SqFtStyleService StationYear Built1971Year Renovated2000ZoningCICountyST. JOHNSAPN091140 0000

Schools near 218 Highway 16

This home is within St. Johns.
Rating
School
Type
Grades
Distance
Crookshank Elementary School
Public - PK to 5
Sebastian Middle School
Public - 6 to 8
St. Augustine High School
Public - 9 to 12
First Coast Technical Institute
Public - 9 to 12
Rating
School
Distance
Crookshank Elementary School
PublicPK to 5

Sebastian Middle School
Public6 to 8

St. Augustine High School
Public9 to 12

First Coast Technical Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 218 Highway 16, St. Augustine, FL 32084

218 Highway 16 is a multi-family home for sale in St. Augustine, FL 32084. This property was listed for sale on November 18, 2024 by Remax Market Force, it's currently listed at $2,750,000. This listing's school district is St. Johns. Nearby schools include Crookshank Elementary School, Sebastian Middle School and St. Augustine High School. 218 Highway 16 is a 0-bed, 0-bath, multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Market Force

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.