+/- 1 Acre Improved Development Site PJ Adams & S. Ferdon
Vacant Land
for Sale
| Catylist Listing ID: |
30711241 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Gross Land Area: |
0.94 Acres
|
| Sale Price: |
$360,000 |
| Unit Price: |
$382,978 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/3/2024 |
Overview / Comments
|
Improved 0.94 Acres located on a Lighted Hard Corner in the largest City in the FWB-Crestview-Destin Metro Statistical Area. Improvements Include retaining wall, asphalt parking lot and access road, under ground storm water to storm water retention pond. Connected to water, sewer, electric and gas. One Mile South of I-10 with a combined traffic hit count of 60,000 at the intersection of (SR 85 & PJ Adams) of this C-2 zoned development site. Current AADT on PJ Adams is 18,400 and AADT on S. Ferdon Blvd (SR 85) is 41,500. Located at the 2019 project starting point (Phase I) of the Approved FDOT PJ Adams Pkwy Four Lane/New I-10 Interchange Project; opening ~300 acres within the City of Crestview for commercial economic development and 1,800 acres for residential development.
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Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
City of Crestview, Okaloosa County |
| Tax ID/APN: |
32-3N-23-0000-0050-003D |
| Zoning: |
C-2 |
| Property Located Between: |
PJ Adams Pkwy and S. Ferdon Blvd. |
| Property Visibility: |
Excellent |
| Legal Description: |
Lengthy, in file. |
| Largest Nearby Street: |
PJ Adams |
| Feet of Frontage: |
100 |
| Traffic/Vehicle Count: |
18,400 |
| Highway Access: |
Immediate ingress and egress onto PJ Adams Pkwy (right in right out). Located one parcel west of the PJ Adams/ S. Ferdon Blvd intersection. One mile to I-10. |
| Airports: |
Destin/Fort Walton Beach Airport (VPS), Bob Sikes Airport (CEW) |
| Site Description: |
Improvements include retaining wall, asphalt parking lot and access road, under ground storm water to storm water retention pond. Connected to water, sewer, electric and gas within the boundary. PJ Adams is right in, right out access only. |
| Area Description: |
Crestview is the county seat of Okaloosa County, and is designated as the Hub City” as it is located at the junction of three major highways” US Hwy 90 (US 90), State Road 85 (SR 85) and Interstate 10 (I-10). As identified in the 2015 Florida Defense Factbook, Eglin Air Force Base, housed in Okaloosa County, is the largest military installation in the Department of Defense. Duke Field, located on SR 85, is the new home of the 919th Special Operation Wing. The Economic Development Council of Okaloosa estimated in 2017 the military presence of Duke’s Total Economic Impact in the Community at $51 million annually. Bob Sikes Airport supports a mix of general aviation, defense and industrial aerospace corporations with its 8,000 foot runway with an instrument landing system (ILS) and available acreage on and off airport for lease. The Okaloosa-Walton Transportation Planning Organization (OWTPO) reports, Okaloosa County’s median household income is $55,768 with the 32536 zip code coming in at $62,862 as reported by the Bureau of Labor Statistics. |
| Lot Frontage: |
100 |
| Lot Depth: |
413 |
| Zoning Description: |
Commercial |
| Available Utilities: |
Electric, Water, Gas, Sewer |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
18,745 |
31,154 |
| Median Age: |
33.26 |
34.03 |
| Households: |
6,921 |
11,424 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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