Commercial Acreage- Hwy 20

Vacant Land for Sale
Catylist Listing ID: 30569650
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 1.72 Acres
Sale Price: $1,200,000
Unit Price: $697,674 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Rare opportunity to purchase 1.72 acres in the heart of Niceville, FL. The 1.72 acre site is ideally located at the signaled intersection of Hwy 20 and White Point Rd and is located in one of the most established neighborhoods in Niceville. The site is adjacent to the Shops at Bluewater Bay which is a mixed use development consisting of 18,900 SF of retail and restaurant space. There are strong traffic counts in excess of 30,000 cars per day on Hwy 20 and is close to CR 293 which has over 20,000 cars per day. The site is a portion of the Shops at Bluewater Bay parcel (Parcel Parcel ID 23-1S-22-0000-0001-024F). The property is zoned MU-1 and can accommodate a variety of commercial and residential uses. This site would be excellent for an office, retail, or multi-family use.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 23-1S-22-0000-0001-024F
Zoning: MIXED USE 1
Area Description: The site is adjacent to the Walgreens Pharmacy and is across the street from the American House Senior Living Facility and Shops at Bluewater Bay, which is a mixed use development consisting of 18,900 SF of retail and restaurant space. There are strong traffic counts in excess of 30,000 cars per day on Hwy 20 and the site is in close proximity to CR 293 which has over 20,000 cars per day.
Zoning Description: Allowable uses under MU-1 zoning include retail shopping centers, restaurants, convenience store, professional and medical offices, warehouse, single-family and multifamily residential buildings, assisted living facilities, and several other similar uses.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,761 17,805 29,556
Median Age: 42.82 43.95 44.14
Households: 1,904 7,030 12,020
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