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: $4,200,000
Unit Price: $148.34 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2022

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,870 4,075
Median Age: 48.57 48.5
Households: 1,334 1,858

Contact

Photograph of Listing Agent

Maurice Gilbert

Gilbert Realty Gulf Coast CMLS Member
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