Navarre .45 Acre Commercial Lot

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30614169
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Status: Pending/Contingent
Gross Land Area: 0.45 Acres
Sale Price: $109,000
Unit Price: $242,222 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Prime commercial acreage available in Navarre, Florida. The site is a total of +/- .45 acres of vacant commercial land and is zoned HCD (Highway Commercial Development District - Santa Rosa County) which allows a wide variety of commercial uses. The owner has a recent wetland delineation report for the property showing no jurisdictional wetlands on the site and the entire .45 acre site is uplands. Additionally, the site has excellent drainage and would be an excellent site to develop for a business. The site is located just north of the Navarre Bridge and within minutes to the pristine white sand beaches, shopping, and restaurants in Navarre. The property has excellent visibility and exposure along East Bay Blvd (11,500 AADT) which is off of Hwy 87 (23,000 AADT). Hwy 87 connects to one of the most traveled arterial in Northwest FL, US Highway 98 (44,000 AADT).

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 08-2S-26-0000-00433-0000
Zoning: HCD
Property Located Between: East Bay and Andorra Street
Feet of Frontage: 98
Area Description: Location Overview: The Navarre trade area has become one of the most sought after areas to reside and a popular tourist destination. The area boasts strong household income with affluent demographics. There are an estimated 4.5 million people that visit the Emerald Coast annually and Navarre Beach has been ranked by USA Today as one of the top 5 beaches in the Florida. Nearby restaurants and retailers include Publix Grocery Winn Dixie, Wal-Mart Supercenter, Dollar Tree, Culver’s, Shrimp Basket, KFC, Pizza Hut, Taco Bell, Waffle House, CVS, Regions Bank, Walgreens, AT&T, & many more. Navarre is nestled between Pensacola and Destin, which has miles of beautiful white sand beaches, emerald waters, and sand dunes. The site is within close proximity to several military bases in the region which include the Pensacola Naval Station, Naval Air Station Whiting Field, Hurlburt Field, and Eglin Air Force Base. The military bases annually bring in over $7.8 billion into the local economy. Santa Rosa County is a resident and tourists’ dream with top-notch amenities including crime rates significantly below state/national averages and an “A” grade school district from the Florida Department of Education. The current population in Santa Rosa County has grown by 19% in the last decade making it one of the fastest-growing counties in the US. The University of Florida’s Bureau of Economic and Business Research predicts that the County’s population could reach a record 180,000 residents by 2020. The population density in the area is expected to continue to grow, which when added to a strong tourism industry, positions the area for strong economic growth. This region is widely known as a family-friendly vacation destination ideal for weekend getaways or a place to spend an entire season.
Lot Frontage: 98
Lot Depth: 200
Zoning Description: HCD- Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,352 25,405 31,000
Median Age: 33.46 35.7 35.94
Households: 867 9,389 11,555
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