Catylist ID:
#30821547
W Spencer Field Rd and N Spencer Field Rd
Vacant Land
for Sale
| Catylist Listing ID: | 30821547 |
| Property Subtypes: | Industrial, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 5.85 Acres |
| Sale Price: | $529,000 |
| Unit Price: | $90,427 Per Acre |
| Sale Terms: | Cash to Seller, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/19/2024 |
Overview / Comments
|
This property's rezoning to HCD opens up opportunities for commercial development in accordance with the objectives outlined for the HCD district. Developers or potential buyers should consider conducting thorough due diligence regarding local regulations, market demands, and other relevant factors when planning any development on the property. Location: The property is situated at the northeast corner of N. Spencer Field Road and W. Spencer Field Road. Asking Price: The asking price for the property is $529,000, which is based on the existing zoning. Parcel Details: The property consists of two parcels totaling approximately 5.85 acres. These parcels will not be split up. Corner Lot: It's a corner lot, which can offer visibility and accessibility advantages for commercial development. Vacant Land: Both parcels are currently uncleared, meaning they do not have any structures or developments on them. Location Relative to Spencer Naval Outlying Field: The property is located north of the Spencer Naval Outlying Field. Originally, Parcel 1 and Parcel 2 were zoned as Highway Commercial Development (HCD). However, there's been an update indicating that the entire property has been successfully rezoned to HCD by the Milton Zoning Board and the SRC BBC. HCD Zoning Description: The HCD zoning designation allows for a wide range of commercial uses in appropriate and easily accessible locations adjacent to major transportation corridors. These districts are typically located near major intersections and areas characterized by medium to high-density residential development and more intensive commercial use. The intention behind this zoning is to foster economic stability and efficient delivery of public facilities and services.Rezoning to Highway Commercial Development (HCD) The recent rezoning of Parcel 1 and Parcel 2 to Highway Commercial Development (HCD) presents an array of exciting opportunities for commercial ventures. With the entire property now successfully rezoned, developers and investors can capitalize on the advantages offered by the HCD designation. This guide aims to provide an overview of the HCD zoning description and its implications, highlighting the potential for economic growth and development in the newly rezoned area. HCD zoning allows for a diverse range of commercial uses in strategic locations adjacent to major transportation corridors. Typically situated near major intersections and areas characterized by medium to high-density residential development and intensive commercial activity, HCD districts offer convenient access and visibility for businesses. The primary goal of HCD zoning is to promote economic stability and facilitate the efficient delivery of public facilities and services to support commercial development. With the entire property now rezoned to HCD, developers have the flexibility to explore a wide range of commercial opportunities suited to the district's objectives. Consider potential uses such as retail outlets, restaurants, hotels, service stations, convenience stores, and entertainment venues, catering to the needs of both local residents and passing motorists. Evaluate the demand for commercial services and amenities in the surrounding area, identifying niches and opportunities for differentiation to maximize market potential. The strategic location of the newly rezoned property adjacent to major transportation corridors offers significant advantages for commercial development. Take advantage of high visibility and accessibility to capture the attention of passing motorists and attract customers to your business. Consider the potential for synergies with neighboring businesses and amenities, creating a vibrant commercial hub that enhances the overall appeal of the area. Before embarking on any development projects, ensure compliance with HCD zoning regulations and local ordinances. Conduct thorough due diligence to understand regulatory requirements, market dynamics, and other factors that may impact the success of your commercial venture. Engage with relevant authorities and stakeholders to address any concerns and ensure alignment with community goals and objectives. Develop a comprehensive business plan and development strategy tailored to the opportunities and challenges presented by the HCD zoning designation. Prioritize investments in infrastructure, design, and amenities that enhance the attractiveness and functionality of your commercial development. Leverage innovative marketing and branding strategies to differentiate your business and attract customers in a competitive market environment. The successful rezoning of Parcel 1 and Parcel 2 to HCD opens up a world of possibilities for commercial development. By understanding the implications of HCD zoning, exploring diverse commercial opportunities, leveraging strategic location advantages, ensuring compliance, and executing strategic plans effectively, developers and investors can unlock the full potential of the newly rezoned property and contribute to economic growth and vitality in the community. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Tax ID/APN: | 34-2N-29-0000-00626-0000 34-2N-29-0000-00625-0000 |
| Zoning: | HCD |
| Property Visibility: | Good |
| Traffic/Vehicle Count: | 13,000 |
| Zoning Description: | Highway Commercial Development (HCD) – To provide for a wide range of commercial uses in appropriate and easily accessible locations adjacent to major transportation corridors and having access to a wide market area. This district is intended to be situated along selected segments of major thoroughfares in the vicinity of major intersections. Additionally, this district is generally located adjacent to districts characterized by medium to high density residential development and areas of more intensive commercial use. It is intended that the site plan criteria assist in evaluating economic implications with a view toward generating a stable economy and efficient, timely and economical delivery of needed public facilities and services. |
| Available Utilities: | Water, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,077 | 21,001 | 44,478 |
| Median Age: | 36.7 | 38.67 | 39.59 |
| Households: | 2,182 | 7,829 | 16,725 |
Contact
Luke KolbeckKeller Williams Realty Gulf CoastGulf Coast CMLS Member
Albert MerrittKeller Williams Realty Gulf CoastGulf Coast CMLS Member |
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