Although this property currently has 2 structures and two businesses on site, these are not being considered for the value of this Ultra Prime Property. This 12+ acre site is in the process of being planned and permitted for roughly 90,000 sqft. This square footage is being comprised of two outparcels for a sit down restaurant with a drive thru West of the driveway and a pharmacy with drive thru East of the drive. In back of that there will be two sets of strip stores on either side of the driveway with drive thru's. Just in back of that there is planned a large building that can be used as either a hotel site of a medical/profession office bldg. This property has roughly 550 feet footage on SR 16 which is the main road in and out of Old St. Augustine, Fl. This particular site has the highest traffic count on SR 16 with an ADT of 42,825 per day. Virtually all of SR 16 has become a High Demand/High Development Area. 3 new housing projects have recently come to 16. One just finished, just to the E of this site. Another recently broke ground in the 1100 block of SR 16 while another in the 800 to 900 block of 16 just finished clearing. All 3 of the new housing developments are for 325+ units. This high growth area is greatly in need of commercial retail to satisfy the ever increasing demand. Make no mistake this is one of the very few sites on SR 16 that qualifies as as a truly Prime Site for commercial development.