PROPERTY DESCRIPTION

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What a location! Just a few hundred feet south of newly signalized Pine Island Rd, (the South exit for Nocatee) with frontage on US Hwy 1, this great development 20.67 +/- acre property was recently rezoned to a PUD to allow for a mix of 202 multi-family units & commercial uses. Specifically located at 9050, 9060, and 9080 US Hwy 1 N, the mix of apartments & commercial applications make this a great investment or development opportunity. The Median Household Income is $128,182 within a 3-mile radius of the development site. The PUD allows for up to 202 apartments, in four-story buildings comprised of a mix of 1, 2 and 3-bedroom units plus over 2.4 acres of frontage that the PUD allows for mixed use commercial development. The PUD property is surrounded by existing & future planned residential development and connects to U.S. Hwy 1, a 4-lane divided principal arterial roadway. Only 2.25+/- acres out of 7.33 +/- acres of wetlands show to be impacted with this PUD layout. The maximum building height for all residential structures within the PUD shall be forty-five (45) feet. The maximum building height for all commercial structures within the PUD shall be thirty-five (35) feet. Buildings over thirty-five (35) feet in height will be protected with an automatic fire sprinkler system. The proposed access locations to U.S. Highway-1 are subject to FOOT approval and the locations shown on the PUD Map may change accordingly. PUD also allows for future connection via access to Old Dixie Highway. The PUD provides for 2.46 acres of active recreation with the combination of the Recreation area, Pedestrian Pathways, and the Open Space/Park area. Central water and sewer services shall be provided by the St. Johns County Utility Department (SJCUD). The exact location of any required lift station(s) will be determined upon construction plan approval. The exact location as depicted on the MDP map is subject to change. All electrical and telephone lines will be installe