Final Outparcel for Sale at Elevate Navarre

Vacant Land for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30638306
Property Subtypes: Retail, Retail-Pad, Other
Status: Pending
Building Status: Proposed
Gross Land Area: 0.72 Acres
Sale Price: $650,000
Unit Price: $902,777 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/29/2023

Overview / Comments

One outparcel remaining at Elevate Navarre. Anchored by a new, 330-unit multifamily housing complex along with Starbucks, Buffalo Wild Wings, Wendy's, ABC Fine Wine & Spirits, and a branded hotel to be announced in the future, this outparcel is zoned Highway Commercial District and is ideal for a number of uses including restaurant/QSR, medical, financial, and other general retail services. Located at the epicenter of the Navarre market at the intersection of U.S. Highway 98 and SR-87, the site has combined traffic counts in excess of 63,000 vehicles per day. The outparcel will be delivered in graded condition, with offsite retention, utilities, curb cuts, and perimeter access roads in place.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 20-2S-26-0000-01701-0000
Zoning: HCD
Property Visibility: Excellent
Largest Nearby Street: U.S. Highway 98
Traffic/Vehicle Count: 40,500
Zoning Description: HCD - Highway Commercial District
Part of Planned Development?: Yes
Development Name: The Boulevard
Topography: Level
Easements: Ingress/Egress
Available Utilities: Electric, Water, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,484 26,043 26,043
Median Age: 35.56 36.07 36.07
Households: 544 9,735 9,735


Photograph of Listing Agent

Kenny Nichols

Vallas Realty, Inc. Gulf Coast CMLS Member
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