S. Ferdon Blvd Outparcels Available

Vacant Land for Sale
Catylist Listing ID: 30823154
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 47,916 - 56,628 SF
Sale Price: $22.50 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2023

Overview / Comments

2 Outparcels Available in the largest City in the FWB-Crestview-Destin Metro Statistical Area. Master Developer currently under contract on the existing 11.5 acres with a National Credit Medical Tenant, leaving only 2 Outparcels Available for Sale. The southern outparcel is adjacent to another pending site, with current plans for a National C Store with Gas at the corner of PJ Adams and Hwy 85. Connectivity between the entire site (Signalized Corner at PJ Adams to Full Median Cut at Riverwood Dr) gives both Outparcel tremendous access from any direction. Combined Traffic counts of 58,900 with 5 Mile Demographics of Total Population of 35,107 and Average House Hold Income of $60,984. Surrounded by National retailers such as Panda Express, Zaxby's, Popeyes, Chick Fil A, Cracker Barrel, McDonalds, Walmart, Lowes, Applebee's, Flag Ship Hotels, Car Dealerships more within one mile.

Attachments & Media

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: City of Crestview
Tax ID/APN: 32-3N-23-0000-0055-0010
Zoning: C-2
Property Located Between: PJ Adams Parkway and Riverwood Dr.
Property Visibility: Excellent
Legal Description: TBD upon new survey
Largest Nearby Street: S. Ferdon Blvd (Hwy 85)
Feet of Frontage: 861
Traffic/Vehicle Count: 60,000
Highway Access: Immediate ingress/ egress to Hwy 85 and PJ Adams Pkwy. One Mile South of I-10. 919th Special Operation Wing is located 6 miles South and Bob Sikes Airport is 7.5 miles North East.
Airports: Destin/Fort Walton Beach Airport (VPS), Bob Sikes Airport (CEW)
Site Description: Located at the PJ Adams Pkwy Four Lane/New I-10 Interchange Project; opening ~300 acres within the City of Crestview for commercial economic development and 1,800 acres for residential development. Approximately 5 Acres with 861 Ft of S. Ferdon Blvd road frontage under contract with Master Developer leaving 1.3 acre Outparcel (Lot 1) and 1.1 acre Outparcel (Lot 4) available for sale.
Area Description: Crestview is the county seat of Okaloosa County, and is designated as the Hub City” as it is located at the junction of three major highways” US Hwy 90, State Road 85 and Interstate 10. As identified in the 2015 Florida Defense Factbook, Eglin Air Force Base, housed in Okaloosa County, is the largest military installation in the Department of Defense. Duke Field, located on SR 85, is the home of the 919th Special Operation Wing. The Economic Development Council of Okaloosa estimated in 2017 the military presence of Duke’s Total Economic Impact in the Community at $51 million annually. Bob Sikes Airport supports a mix of general aviation, defense and industrial aerospace corporations with its 8,000 foot runway. The Five Mile Radius Average Household income is $60,984 which is above he state of Florida’s median income is $47,212 . Employment is projected to grow at an 11%-15% rate per the (OWTPO).
Lot Frontage: TBD
Lot Depth: 200
Zoning Description: C-2 - Commercial High-Intensity District - The Commercial High-Intensity District is established to provide for high-intensity commercial developments including restaurants, large-scale retail sales and service industries, entertainment, light manufacture and repair, professional offices, hotels, gas stations, other similar uses and allowed accessory uses. Uses may be limited by location due to impacts and compatibility issues. The maximum allowed floor area ratio (FAR) is 3.0.
Topography: Gently Sloping
Easements: Ingress/Egress, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,745 31,154
Median Age: 33.26 34.03
Households: 6,921 11,424


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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