REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Susan De Leon COLDWELL BANKER REALTY
$ 2,500,000
Est. payment | /mo
2.03 Acres Lot
$ 2,500,000
Est. payment | /mo
2.03 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 989874
Lot Size 2.030 Acres
Acres 2.03
Lot Dimensions 369x257x330x256
Source Emerald Coast Association of REALTORS®
Property Description
Rare 2.03± acre commercial property directly on Highway 87, one of Navarre's busiest traffic corridors with 23,500± Annual Average Daily Traffic. This offering combines an existing 6,140± SF building with a separate 80'x80' out parcel, giving an investor or owner-user multiple paths to unlock value on a single site. Opportunities: TURNKEY RESTAURANT reuse - The existing building includes restaurant infrastructure, offering a shortened buildout timeline for a new concept, franchise relaunch, or full rebrand. OFFICE OR MEDICAL CONVERSION - The building & site are well suited to redevelopment into an office building or medical/dental facility, adding significant value and versatility to the property. HCD zoning supports a broad range of commercial and professional uses, subject to permitting. RETAIL, SHOWROOM, OR SPECIALTY USE - 369± feet of direct Hwy 87 frontage delivers exceptional visibility for a showroom, car dealership, or specialty retail concept looking to capture daily drive-by traffic. SECOND INCOME STREAM VIA THE OUT PARCEL - The included 80'x80' out parcel stands apart from the main building, creating excellent potential for a drive-thru, second building, or standalone tenant -- additional income without adding acreage. OWNER-USER OR INVESTMENT FLEXIBILITY - Whether the goal is occupying the building outright, leasing to a single user, or developing the out parcel as a second revenue source, the site's size, zoning, and location support several strategies at once.. Hwy 87 is one of the area's highest-traffic corridors, and this site's frontage and access put any future use in direct view of tens of thousands of daily commuters -- a visibility advantage that's difficult to find at this price point in Navarre.
Location
State FL
County Santa Rosa
Area 11 - Navarre/Gulf Breeze
Zoning HCD
Direction Travel North from on Hwy 98 onto Hwy 87. Property will be on the right.
Exterior
Garage No
Building
New Construction No
Others
Tax ID 17-2S-26-0000-00173-0000
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "