$2,750,000

218 State Road 16 Saint Augustine, FL 32084

Multi-Family

Property details

About 218 State Road 16

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.

Highlights

Home typeMulti Family
StatusActive
Year built1971
MLS #245459

Summary

  • MLS Number: 245459
  • MLS Name: StAugustine
  • Office Name: Remax Market Force
  • Office Phone: (904) 501-6011
  • Listing Agent: Julie Lemke

The information being provided by St. Augustine & St. Johns County Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the St. Augustine & St. Johns County Board of Realtors. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 9:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$2,750,000

218 State Road 16

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Price information

Property sales

DateEventPrice
Jun 06, 2002
Home Sold
$400,000

Tax history

YearAssessmentProperty Tax
2023$137,513$1,573
2022$102,665$1,320
2020$92,634$1,211
2018$64,769$918
2017$63,718$921

History based on county public records data.

Nearby schools

5

John A. Crookshank Elementary School

Public District PK-5

0.6 mi

1455 N Whitney St

4

St. Augustine Public Montessori School (Sapms)

Public Charter KG-6

1.1 mi

7A Williams St

8

Ketterlinus Elementary School

Public District KG-5

1.6 mi

67 Orange St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $48,081. The most common annual income of people living in Saint Augustine, FL is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

34%
<35k
54%
35k-100k
12%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
14%
Single, with Kids
27%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Extreme SportsExtreme Sports
  • College FootballCollege Football
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Express/Express For MenExpress/Express For Men
  • KmartKmart

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • SonicSonic
  • Bob EvansBob Evans

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • BuickBuick

What do the neighbors listen to?

  • CountryCountry
  • New CountryNew Country
  • OldiesOldies
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 218 State Road 16 in Saint Augustine, FL and zip code 32084. Features: 0 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $2,750,000.

From Rocket Homes Real Estate and based on county public records data.

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