Hwy 98 Mixed Use Land

Vacant Land for Sale
Catylist Listing ID: 30162958
Property Subtypes: Hospitality, Office, Residential (Single Family), Retail-Pad, Other
Gross Land Area: 2.37 Acres
Sale Price: $499,000
Unit Price: $210,548 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2020

Overview / Comments

Exclusive land opportunity with over 2.37acres and 400 feet of frontage on the highly trafficked Hwy 98. The parcel is zoned mixed use and would be the ideal location for retail, office, restaurant, residential or commercial use. The site is close proximity to the Wal-Mart Supercenter, Santa Rosa Mall, and Hurlburt Field. Within five miles of the site there is a population of 56,445 people and an average household income of $60,000. There are an estimated 38,000 of cars per day in front of the site on Hwy 98, which is the main arterial throughout the panhandle.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 18-2S-25-272C-0001-016F
Zoning: MIXED USE (MU)
Property Visibility: Excellent
Legal Description: WYNNEHAVEN BCH EST 1ST W400 FT OF LOT 16 BLK 1 AS OR EXC N150 FT
Largest Nearby Street: Hwy 98
Feet of Frontage: 400
Traffic/Vehicle Count: 38,000
Area Description: The property is located in the city of Mary Esther which is halfway between Navarre and Fort Walton Beach, FL. The site is adjacent to the Wynnehagven Animal Clinic on the north side of Hwy 98.
Lot Frontage: 400
Lot Depth: 240

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,482 12,222 19,238
Median Age: 36.33 36.24 35.46
Households: 991 4,720 7,574
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