Waterfront Restaurant Pad Site

Vacant Land for Sale
Catylist Listing ID: 30380872
Property Subtypes: Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 1.10 Acres
Sale Price: $899,000
Unit Price: $817,272 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/12/2019

Overview / Comments

Rare waterfront site available with frontage on the Choctawhatchee Bay. The 1.1+/- acre parcel is zoned MU-Mixed Use and can accommodate several commercial and residential uses. All utilities have been brought to the site and the site can accommodate up to a +/- 6,500 SF building. The site is located just before the Shalimar bridge and is contiguous to the newly built TownePlace Suites hotel which has 112 rooms. The property is located on the high trafficked Eglin Pkwy which is the main thoroughfare in Ft Walton Beach. Eglin Pkwy experiences in excess of 47,000 vehicles per day. The site is ideally located in the main retail corridor with excellent visibility from the road and near shopping, restaurants, and several national big box retailers. This is a highly desirable restaurant or retail location with frontage on the bay and is located within minutes to Eglin Air Force Base, beautiful beaches, shopping, and entertainment. The trade area has a very stable employment which is characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Within 5 miles of the property there are an estimated 71,500 residents.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 06-2S-23-0000-0038-0000
Property Visibility: Excellent
Traffic/Vehicle Count: 47,000
Airports: Northwest Florida Regional Airport
Zoning Description: Zoned Mixed Use (MU)
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,200 51,140 67,006
Median Age: 38.39 40.12 38.69
Households: 2,730 22,225 28,131
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