Commercial Acreage on Highway 98 at new High School

Vacant Land for Sale
Catylist Listing ID: 30834735
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1 - 7.80 Acres
Sale Price: $18 - 22 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

Highly-desirable commercial parcels available on Highway 98 in Gulf Breeze/Midway area adjacent to future $80M+ High School (slated for opening in 2025) and 280+ unit townhome complex. Located in Midway between the Tiger Point area and Navarre, this section of the Highway 98 corridor is experiencing rapid growth including a new grocery-anchored center less than 0.6 miles to the east at Highway 98 and Bergren Road. Featuring a new signalized intersection serving the high school and townhome development, the corner parcel of ±2 acres is being offered for ground lease only, while the remaining Highway 98 frontage parcels are offered for sale or ground lease. Parcel sizes are flexible and can be configured to accommodate user requirements. This acreage presents an excellent opportunity for retail users to strategically locate near high activity drivers and nearly 30,000 vehicles per day along Highway 98.

Nearly ±8 AC of commercial property adjacent to future public high school
Located at a new signalized intersection
Over 1,000 residential units planned or under development within a 2-mile radius
Adjacent to proposed upscale townhome development planned for 278 units
Located less than 0.6 miles from future grocery-anchored center at Bergren Road
Ideal for c- store, QSR, or other retail uses

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 20-2S-27-0000-02203-0000
Zoning: HCD

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,401 27,848
Median Age: 38.93 39.22
Households: 4,776 10,664


Photograph of Listing Agent

Kenny Nichols

Vallas Realty, Inc. Gulf Coast CMLS Member
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