High Visibility - Building and Land - W of Hurlburt

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 29676924
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Retail-Pad, Vehicle Related
Building Size (RSF): 950 SF
Gross Building Area: See Agent
Gross Land Area: 37,000 SF
Sale Price: $199,000
Unit Price: $209.47 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/5/2019

Overview / Comments

REDUCED for quick sale! Very aggressively priced. Ideal for car sales, seafood market, takeout restaurant, etc., in an area with a huge need. High Visibility Parcel with 250' of frontage, on Hwy 98, on the going home side from Hurlburt Field. 950 SF existing building was previously used for car sales, and as a pizza restaurant. Rear portion of property has been permitted, dredged and filled. The daily traffic count is 40,000+ daily trips. 100' parcel to the west is also available purchase, to create 350' of frontage. FLDOT has proposed to widen HWY 98. This could create an interesting financial negotiations process, within a few years.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: Okaloosa County
Tax ID/APN: 16-2S-25-0000-0007-0000
Zoning: C2
Market Type: Small
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Hwy 98
Feet of Frontage: 250
Transportation: Highway
Highway Access: Hwy or side street. Located on a corner
Airports: VPS
Area Description: 2+ miles west of Hurlburt Field, and 10 minute east of Navarre
Lot Frontage: 250'
Lot Depth: 150'
Legal Description: BEG NE COR OF SW1/4 S 873 FT FOR BEG S 87 DEG W 330.3 FT S 2 DEG E 550 FT TO HY ELY ALONG HY 300 FT FT N TO BEG EXC PART SOLD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,885 7,985 17,353
Median Age: 34.57 35.53 34.05
Households: 1,124 3,374 6,557

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