2931 Coastal Hwy, Saint Augustine, FL 32084

Discover a rare .86-acre opportunity on Coastal Highway with flexible CHT (Commercial Highway Tourist) zoning and unlimited potential. Currently improved with five structures, two of which are duplexes. 2931 Coastal Hwy offers seven income-producing units and the ability to operate as residential while exploring higher-value commercial or mixed-use options. With outstanding highway visibility and a prime location just one block from the beach, this parcel is perfectly suited for businesses that benefit from exposure, destination traffic, and proximity to the coast. The location is unbeatable, within walking distance to the Intracoastal Waterway, the Vilano Fishing Pier, and popular local restaurants including Beaches, 180 Grill & Pizza, and Michael’s. Multiple public beach access points surround the property, making it an excellent match for hospitality, retail, wellness, or service based uses. CHT zoning allows for offices, boutique lodging, short-term rentals, medical or professional practices, and more. The nearly one-acre footprint provides ample room for additional parking, expansion, or a complete redevelopment, giving investors the flexibility to create a signature presence along the A1A corridor. The existing structures offer immediate rental income, making this an ideal hold-and-develop opportunity with both cash flow and long-term upside. Whether you envision a coastal office campus, boutique inn, live-work concept, or refreshed multi-unit rental property, 2931 Coastal Highway delivers the size, zoning versatility, walkability, and exposure rarely found on the island. Opportunities like this do not come to market often, explore the possibilities today!