Four Mile Creek

Vacant Land for Sale
Catylist Listing ID: 30552543
Property Subtypes: Industrial, Self Storage
Building Status: Proposed
Gross Land Area: 9.67 Acres
Sale Price: $675,000
Unit Price: $69,803 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/24/2021

Overview / Comments

Development opportunity on 9.673 acres with 660 feet of waterfront along Four Mile Creek just off Lagrange Bayou. 45 boat slip marina has previously been permitted on property (see copy in documents). The demand for a marina in the area is extremely high as all of the slips in the area are full. Potential gross annual rents are $150k-$200k. Just east of the popular Hammock Bay, the parcel is zoned light industrial. Adjacent properties have been bush hogged for easier access to view. All measurements and information are approximations based on available data and to be verified by buyer as to suitability for intended use.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 22-1S-19-23010-000-0120
Legal Description: BAYOU LAGRANGE S/D PB 2-34 E1/2 OF LOT 12 OR 1401-288 OR 2608-298 ALSO COM NW/COR SEC 22,S 02 DEG 01'32"W 3298.87 FT TO NW/COR LOT 12 BAYOU LAGRANGE,S 87 DEG 59'27"E 357.52 TO POB,S 87 DEG 59'27"E ALG N LN LOT 12 160.16FT TO E1/2 OF LOT 12,S 16 DEG 42'24"W 100.00 FT,N 52 DEG 19'42"W 165.91 FT TO POB. OR 2810-878
Site Description: Parcel containing 9.637 acres with 660' of waterfront along Four Mile Creek. Excellent marina opportunity with quick access to Lagrange Bayou and Choctawhatchee Bay.
Area Description: Beautifully situated just east of Hammock Bay residential neighborhood
Lot Frontage: 660'
Lot Depth: 560'
Zoning Description: Light Industrial
Easements: Electric Lines, Ingress/Egress
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,650 4,624
Median Age: 40.26 39.77
Households: 1,103 1,906


Photograph of Listing Agent

Jim Ball

Century 21 Blue Marlin Pelican
Gulf Coast CMLS Member
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