Catylist ID:
#30834735
Commercial Acreage on Highway 98 at new High School
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: | 30834735 |
| Property Subtypes: | Hospitality, Office, Retail, Retail-Pad, Self Storage, Other |
| Status: | Pending |
| Gross Land Area: | 1 - 7.80 Acres |
| Sale Price: | $18 - 22 PSF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/5/2024 |
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Tax ID/APN: | 20-2S-27-0000-02203-0000 |
| Zoning: | HCD |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 12,401 | 27,848 |
| Median Age: | 38.93 | 39.22 |
| Households: | 4,776 | 10,664 |
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