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    3397 W Highway 98 Mary Esther, FL 32569

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $650,000

    High-traffic Hwy 98 location; redevelopment opportunity.

    Property size:
    36,215 SF

    Description

    Added:
    Feb 7, 2025
    Days on Market:
    337
    This exceptional 0.83-acre commercial land parcel is ideally situated in Mary Esther, Florida, at the intersection of Highway 98 and Navarre Parkway, near Rosewood Avenue. Boasting impressive visibility and high traffic counts (44,500 vehicles daily), this site presents a unique redevelopment opportunity. Its strategic location is adjacent to a recently constructed Publix Shopping Center, ensuring strong surrounding commercial activity and customer base. The property is zoned MU, providing flexibility for a wide range of commercial uses. This makes it suitable for various businesses seeking a high-visibility location with excellent access. The asking price is $650,000. Seller financing is available, offering a potentially attractive investment opportunity for qualified buyers. This prime location offers significant potential for substantial return on investment. Serious inquiries are encouraged to explore this exceptional commercial land offering. The property's size is 0.83 acres.

    Property Features for 3397 W Highway 98

    General Information

    Property type
    Other land
    Square Feet
    36,215 SF
    Price / Square Foot
    $17
    Elevators
    N/A
    Lot Size
    36,155 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    HighLights

    • Prime .83‑acre retail site in Mary Esther, FL, on Hwy 98.
    • High visibility with 44,500 daily vehicle count, near Publix.
    • MU zoning allows diverse commercial development; seller financing offered.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Gym & Fitness Department Store Skin Care Clinic Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mary Esther
    State
    Florida
    Longitude
    -86.799264
    Latitude
    30.409215

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    FAQs

    What type of property is this?
    Land - High-traffic Hwy 98 location; redevelopment opportunity.
    Where is this land located?
    The property is located at 3397 W Highway 98 Mary Esther, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime .83-acre retail site in Mary Esther, FL, on Hwy 98.; High visibility with 44,500 daily vehicle count, near Publix.; MU zoning allows diverse commercial development; seller financing offered.
    (850) 564-0120
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    3397 W Highway 98 Mary Esther, FL 32569
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    Mary Esther, FL 32569
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3397 W Highway 98 Mary Esther, FL 32569
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