Income Producing 99 Year Land Lease

Vacant Land for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30847923
Gross Land Area: 0.66 Acres
Sale Price: $695,000
Unit Price: $1,053,030 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/30/2023

Overview / Comments

The property consists of a 120 ft by 240 ft parcel of land with a community
swimming pool. There are 51 recreational leases payable at $125 per month per lease for a gross scheduled income of approximately $76,500 per year PLUS a 2 bedroom, 1.5 bath townhome that has a scheduled gross income of $16,800 per year.

Attachments & Media

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 05-2S-23-2080-0034-0020
Property Located Between: 11th Street and 12th Street
Legal Description: PORT DIXIE COM AT SW COR OF BLK 34 N 120 FT E 90 FT TO POB N 120 FT E 240 FT S 120 FT W 240 FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,017 25,111 65,316
Median Age: 42.64 41.5 39.54
Households: 2,476 10,786 27,915


Photograph of Listing Agent

Nikki Segraves Wood

ERA American Real Estate Gulf Coast CMLS Member
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