5908 Houston Ln - Commercial LAND FOR SALE


Crestview, FL 32539 1,259,755 SF
$5,400,000 USD
850-243-0007
5908 Houston Ln, Crestview, FL for Sale
$5,400,000 USD
Commercial LAND - FOR SALE
1/14
1,259,755 SF

5908 Houston Ln
Crestview, FL 32539


OVERVIEW

Exceptional investment opportunity to purchase 28.92 acres of Mixed Use Commercial Land located in the flourishing growth area of Crestview, FL. This gorgeous property boasts 725 linear feet on Highway 85 North and over 1,500 linear feet around Houston Lane, wrapping the entire western, northern, and eastern sides of the property, promoting excellent traffic circulation and access. The property's inherent beauty and land use permit various uses, including but not limited to Assisted Living, Multi-Family, Medical, and Commercial Retail. Okaloosa County MU Zoning allows for 20 residential units per acre and Floor Area Ration of 2.0 for commercial cases. Ideal 1031 investment property for those seeking a like-kind commercial property exchange.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/ACRE

$186,722/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Crestview Multifamily Property

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Mixed Use, Apartment Units, Apartment Units - Senior, Auto Dealership, Garden Center, Health Care, Hold for Development, Hold for Investment, Hospital, Master Planned Community, Medical, Planned Unit Development, Power Center, Storefront Retail/Office, Strip Center

LAND ACRES

28.92 AC

LAND SF

1,259,755 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Streets, Cable, Telephone, Irrigation

ZONING

MU Commercial

APN/PARCEL ID

23N433000000170000,33-4N-23-0000-0017-0040

ASK ABOUT THIS PROPERTY

Dennis FortenberryNBI Properties, Inc.More Info
850-243-0007

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Dennis FortenberryNBI Properties, Inc.More Info
850-243-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.