A .35 acre vacant lot located in the city of St. Augustine, Florida, in a highly desirable location that is less than 1/3 mile away from Historic Downtown St. Augustine. The property is zoned RES-3 and is eligible for up to 4 units of multifamily development, making it an attractive investment opportunity for developers or investors looking to build new rental units in the area.The property is also short term rental eligible, adding an additional income stream for potential investors. Apartment rents in the area range from $2200-2500/month, while AirBNB ADR ranges from $150-275/night. This indicates a strong demand for both long-term and short-term rentals in the area, making this property an attractive investment opportunity.