Commercial Vacant Land
Vacant Land
for Sale
| Catylist Listing ID: |
30798152 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort
|
| Gross Land Area: |
28,314 SF
|
| Sale Price: |
$3,950,000 |
| Unit Price: |
$139.51 PSF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/27/2023 |
Overview / Comments
|
Inlet Beach vacant land zoned "neighborhood commercial" has an active development order (DO) for a 25 room B&B. Schematics of the building with 25 rooms is available upon request. Inlet Beach Neighborhood Plan approved by the Walton County Commission now will only allow 10 rooms maximum. This DO is grandfathered. Vacant Land has Hwy 98 frontage of 164 feet. There is no HOA so no fees. Beach access within walking distance. Hwy 98 "underpass" to be completed this summer. 30a and 30Avenue also within walking distance. Numerous restaurants and shopping in the immediate area. The Katrina Cottages currently on the property will be removed.
|
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Walton |
| Tax ID/APN: |
36-3S-18-16100-000-0950 |
| Property Located Between: |
Just past the Donut Hole in Inlet Beach going East |
| Property Visibility: |
Excellent |
| Legal Description: |
Parcel ID # in Walton County, Florida 36-3S-18-16100-000-0950 |
| Largest Nearby Street: |
Hwy 98 & 30A East |
| Feet of Frontage: |
164 |
| Highway Access: |
Fronts Hwy 98. |
| Airports: |
ECP - Panama City Beach area |
| Area Description: |
Inlet Beach is just West of Panama City Beach with the communities of Rosemary Beach, Watersound Origins, Seacrest Beach, and various other beach communities within a short distance. |
| Zoning Description: |
Neighborhood Commercial |
| Development Name: |
Summerhouse B&B |
| Topography: |
Level |
| Easements: |
Ingress/Egress, Utilities |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,870 |
4,075 |
| Median Age: |
48.57 |
48.5 |
| Households: |
1,334 |
1,858 |
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