Miracle Strip Pkwy (Hwy 98) Land

Vacant Land for Sale
Catylist Listing ID: 30507981
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 1.20 Acres
Sale Price: $1,200,000
Unit Price: $1,000,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2020

Overview / Comments

Excellent development opportunity with over 1.2 acres located on the high trafficked main arterial, Hwy 98. The 1.2 acres is centrally located in the desirable Fort Walton Beach market and is within minutes to numerous national retailers, restaurants, car dealerships, hotels, military bases, beaches, and the Santa Rosa Beach Mall. The parcel is zoned MX-2 High Intensity Mixed Use and is the ideal location for a restaurant, office, hotel, or multi-family site. The parcel has two curb cuts in place and also a median cut. The zoning allows for 30 residential units/acre, 120' max building height from sea level, and +/-104,000 buildable square feet. The site is across from the Santa Rosa Sound and located on Hwy 98 which boasts over 36,500 cars per day and is the main thoroughfare in Northwest Florida.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 23-2S-24-2121-0000-0020
Property Visibility: Excellent
Area Description: The site is located on Hwy 98 in Fort Walton Beach, across from the Santa Rosa Sound.
Lot Frontage: 210

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,872 43,879 67,172
Median Age: 40.13 39.2 38.62
Households: 3,435 19,035 28,308
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