Laurel Point

Highlights:

• Zoned Open Rural
• Located in the Jacksonville area
• Ideal for residential development
• Expansive tract of land
• Versatile investment opportunity

Description:

The subject property contains a total of 80.40 acres and is strategically located on the north side of State Road 16, lying west of Interstate 95 in a mixed-use commercial and residential growth corridor. The property is ideally suited for mixed-use commercial, single and/or multi-family residential development. The property was previously known as Laurel Point, a proposed development consisting of 175 single family units and 23,000 square feet of commercial and office space, that was denied by the Board of County Commissioners in October, 2022.

St. Augustine is experiencing a notable upswing in economic and commercial activities. As a city famed for its rich history and vibrant tourism industry, recent trends indicate a diversification in economic drivers, including technology startups, retail sectors, and hospitality services. The demand for commercial spaces in burgeoning sectors has increased as local businesses and multinational companies seek strategic footholds within the region, taking advantage of its economic vibrancy and growth potential. The St. Johns County area, encompassing St. Augustine, is one of the fastest-growing counties in Florida. The expanding residential developments highlight a community-centric growth model, attracting families and professionals seeking enhanced quality of life. This transformation is underpinned by top-rated educational institutions, recreational amenities, and a blend of suburban and coastal lifestyles. As residential communities expand, they contribute to an increased patronage of local businesses, creating synergistic development opportunities for commercial investors. These impacts promise robust demand for retail, office, and service-oriented commercial facilities, aligning with consumer convenience and accessibility needs. 

The subject property contains a total of 80.40 acres and is strategically located on the north side of State Road 16, lying west of Interstate 95 in a mixed-use commercial and residential growth corrider. The property is ideally suited for mixed-use commercial, single and/or multi-family residential development.

2 PT OF SEC 36 & PERPALL GRANT SEC 42 - DEED PARCEL E OR5190/88