$11,200,000
↑ $4.2M (60%)
●
Land -
For Sale
96067 CHESTER ROAD
YULEE, FL 32097
Studio
0 Bath
$63,769
Est. Monthly
-1.07%
Cap Rate
About This Property
BACK ON THE MARKET FOR IMMEDIATE SALE!!
Fully Graded 16 Acre Site with Retention Pond - Site is ready for Construction!!
Commercial Real Estate Professionals, Inc. and Mark Allen, CCIM and Broker is pleased to offer this Incredibly Prime and RARE Multi-family site located in a SUPER HIGH GROWTH Area -- Yulee, Florida.
12-16 Acres for 300 to 400 Units Multifamily Development (minimum is 12 acres at 300 units). Site rough grading started 9/9/2026
Mitigation credits purchased (to be reimbursed to Seller).
Ashley Furniture OPEN on the Chester Road 3 acre out-parcel. Ashley Furniture is BOOMING and one of the BEST Performing stores out of 1,125 stores in the US.
25 Units Per Acre Approved.
One of the ONLY Multi-Family Sites Available in Yulee with more than 20,000 (+-) new homes coming....
De-mucked, Cleared, Graded, and Retention Pond Completed.
Fully Graded 16 Acre Site (minimum purchase is 12 acres) with Retention Pond - Site is ready for Construction!!
Topo Available.
Signage available on Chester Road.
Sewer and Water Available to the site.
Access from Courtney Isles Way.
This site is situated on an upcoming major artery and future evacuation route, Chester Road, with frontage also on Pages Dairy Road and Courtney Isles Way. Located directly behind Home Depot and Target Shopping Center...also very close to Publix, JOANN's, and Kohl's, in addition to Chili's, Starbucks, Whataburger, and a movie theater!
Absolutely a SPECTACULAR Site for a Multi-family Site.
Located next door to Courtney Isles Apartments, a luxury apartment home complex that has been very successful and are at capacity.
The Seller has purchased the mitigation credits and the Buyer would reimburse the Seller at closing for these costs.
Offered at $28,000 per unit including the graded parcel and retention pond (not including mitigation credit reimbursement)
Fully Graded 16 Acre Site with Retention Pond - Site is ready for Construction!!
Commercial Real Estate Professionals, Inc. and Mark Allen, CCIM and Broker is pleased to offer this Incredibly Prime and RARE Multi-family site located in a SUPER HIGH GROWTH Area -- Yulee, Florida.
12-16 Acres for 300 to 400 Units Multifamily Development (minimum is 12 acres at 300 units). Site rough grading started 9/9/2026
Mitigation credits purchased (to be reimbursed to Seller).
Ashley Furniture OPEN on the Chester Road 3 acre out-parcel. Ashley Furniture is BOOMING and one of the BEST Performing stores out of 1,125 stores in the US.
25 Units Per Acre Approved.
One of the ONLY Multi-Family Sites Available in Yulee with more than 20,000 (+-) new homes coming....
De-mucked, Cleared, Graded, and Retention Pond Completed.
Fully Graded 16 Acre Site (minimum purchase is 12 acres) with Retention Pond - Site is ready for Construction!!
Topo Available.
Signage available on Chester Road.
Sewer and Water Available to the site.
Access from Courtney Isles Way.
This site is situated on an upcoming major artery and future evacuation route, Chester Road, with frontage also on Pages Dairy Road and Courtney Isles Way. Located directly behind Home Depot and Target Shopping Center...also very close to Publix, JOANN's, and Kohl's, in addition to Chili's, Starbucks, Whataburger, and a movie theater!
Absolutely a SPECTACULAR Site for a Multi-family Site.
Located next door to Courtney Isles Apartments, a luxury apartment home complex that has been very successful and are at capacity.
The Seller has purchased the mitigation credits and the Buyer would reimburse the Seller at closing for these costs.
Offered at $28,000 per unit including the graded parcel and retention pond (not including mitigation credit reimbursement)
Unit Size
-
Days on Market
363 days
Land Size
24.81 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8,775
HOA Dues
-
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-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 19 days ago (Stellar MLS #O6348464)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 30, 2026 | Price Increased |
$11,200,000
↑ $4M
(60%) | |
| Price Increased | |||
| Sep 30, 2025 | Listed by COMMERCIAL REAL ESTATE PROF IN | $7,000,000 | |
| Listed by COMMERCIAL REAL ESTATE PROF IN | |||
| Sep 2, 2025 | Listed by COMMERCIAL REAL ESTATE PROF IN | $3,016,000 | |
| Listed by COMMERCIAL REAL ESTATE PROF IN | |||
 | |||
|
pleased to present these 2 INCREDIBLE Retail/Office/Restaurant Highway Frontage Parcels.
2.32 (+-) Acre Hard Corner Parcel…..$3,016.000
2.14 (+-) Acre Parcel located between the hard corner and the new Ashley furniture property….$2,782,000
New Large Multifamily Apartment Project Development going in behind these parcels with up to 400 units.
Brand new Ashley Furniture Store under construction next to these two parcels.
SUPER HIGH Growth and HIGH Traffic Location in Yulee, Florida.
Mixed Use -- TONS of Commercial Development Opportunities Available on these 2 Parcels!!
Chester Road is the main Evacuation Route for Yulee. One of the fastest growing cities in North Florida located just to the north of Jacksonville.
These two parcels are located directly behind the Home Depot and Target shopping center.
The Parcels have been cleared and rough graded.
Utilities available to the site.
One of the FASTEST Growing Cities in North Florida located just to the north of Jacksonville!!
| |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Area: 24.81
Lot Size Units: Acres
Lot Size Acres: 24.81
Lot Size Square Feet: 1080724
Lot Size Dimensions: 880 x 865
Tax Lot: 1
Water Source: None
Financial Details
Tax Annual Amount: $105,300
Utilities Details
Sewer : None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Yulee
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Listed by: Mark Allen
COMMERCIAL REAL ESTATE PROF IN
Last Updated: 19 days ago
Data Source: Stellar MLS, MLS# O6348464
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
COMMERCIAL REAL ESTATE PROF IN
Last Updated: 19 days ago
Data Source: Stellar MLS, MLS# O6348464
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Phone: 425-283-2930
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