The company already operates a gas station and convenience store nearby.
RaceTrac Petroleum Inc. will not be developing a gas station and convenience store in Buck Business Park in Arlington after all.
It sold the land June 9 to a self-storage project developer for $1.43 million.
Atlanta-based RaceTrac paid $1.25 million in December 2018 for 3 acres at the split of Merrill and Fort Caroline roads, east of Interstate 295 and the Southside Connector.
RaceTrac wanted to develop a 5,411-square-foot gas station and convenience store. It already operates a 4,861-square-foot location developed in 2011 on almost 4 acres at 8240 Merrill Road, about a mile west of the Buck Business Park site and west of I-295 and the Southside Connector.
Communications Manager Liz Howell said in August 2018 the Fort Caroline location would be in addition to the Merrill Road store.
RaceTrac sold the property to Merrill Road Storage Inc. of Ponte Vedra Beach. The company develops self-storage projects.
The site is near the 83-unit Deer Run townhouse community under construction by D.R. Horton in Buck Business Park as well as other residential projects, including along the Southside Connector.
Be the first to know the latest breaking news and information that business leaders rely on in this fast-paced changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key upcoming events you won’t want to miss and much more. Click Here to Grow your Business NOW!