Grocery-Anchored Hotel & Retail Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30323918
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 1.42 - 9.42 Acres
Sale Price: $975,000 - 1,150,000
Land Splits Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/21/2019

Overview / Comments

Prime grocery anchored development site located in the heart of the desirable Navarre, FL trade area. Ideal retail, QSR, hotel, and multi-family site located just east of the Navarre Bridge and within minutes to the pristine white sand beaches, shopping, and restaurants in Navarre. The property is one of the largest and best development sites available in Northwest Florida. The property has excellent visibility and exposure along one of the most traveled arterials in NW FL, US Highway 98, with approximately 44,000 AADT. The site is zoned HCD (Highway Commercial Development District - Santa Rosa County) and allows a wide variety of commercial uses supporting retail shopping centers, hotels, grocery stores, multi-family housing, senior housing, self-storage facilities and many other uses. Aldi will be coming to the site on the corner outparcel. There are two remaining parcels available; the adjacent outparcel to Aldi and the remaining +/- 9.42-acre hotel or multi-family parcel.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 212S2607800AA000000
Zoning: HCD
Property Located Between: Ortega and Navarre Pkwy
Property Visibility: Excellent
Largest Nearby Street: Hwy 98
Traffic/Vehicle Count: 44,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,398 17,411 28,525
Median Age: 33.09 36.33 36.09
Households: 1,595 6,618 10,726
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