Redstone Ave Crestview, FL 32536
This exceptional 6.8-acre commercial property in Crestview, Florida, presents a unique investment opportunity. Zoned C-1 Commercial, this expansive lot boasts 350 feet of paved road frontage, providing excellent visibility and accessibility. The land gently slopes towards the rear and is currently wooded, offering a blank canvas for development. Its strategic location offers significant advantages. Situated near Crestview's major employers, including Eglin Air Force Base, Duke Field, and the Army Special Forces, the property benefits from a robust and growing workforce. Proximity to the local hospital and Walmart further enhances its appeal. The property is conveniently located near Interstate 10, ensuring easy access to regional transportation networks. The surrounding area has a population of 48,453 within a 5-mile radius, indicating a substantial potential customer base. This property is ideal for a wide range of commercial ventures, from retail and office spaces to light industrial uses. The combination of size, zoning, location, and proximity to key infrastructure makes this a highly desirable and valuable asset. Serious inquiries are encouraged to explore the development potential of this exceptional commercial land parcel. The asking price is $680,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.