Grocery-Anchored Hotel & Retail Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30323918
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 1 - 9.42 Acres
Sale Price: $400,000 - 3,768,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Prime grocery anchored development site located in the heart of the desirable Navarre, FL trade area. The site will have a national grocer on the corner parcel along with several retail and restaurant users on the front outparcels. The site is an ideal site for a retail, hotel, and office user. Ideal location in NW Florida just east of the Navarre Bridge and within minutes to the pristine white sand beaches, shopping, and restaurants in Navarre. The property is one of the largest and best development sites available in Northwest Florida. The property has excellent visibility and exposure along one of the most traveled arterials in NW FL, US Highway 98, with approximately 44,000 AADT. The site is zoned HCD (Highway Commercial Development District - Santa Rosa County) and allows a wide variety of commercial uses supporting retail shopping centers, hotels, grocery stores, multi-family housing, senior housing, self-storage facilities and many other uses. Aldi will be going in on the corner outparcel along with several other retailers in the outparcels. There are several outparcel opportunities available on the back +/- 9.42-acre site. The outparcels are the perfect location for an hotel, office, and medical user. The seller is asking $400,000/acre.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 212S2607800AA000000
Zoning: HCD
Property Located Between: Ortega and Navarre Pkwy
Property Visibility: Excellent
Largest Nearby Street: Hwy 98
Traffic/Vehicle Count: 44,000
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,398 17,411 28,525
Median Age: 33.09 36.33 36.09
Households: 1,595 6,618 10,726
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