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    Wallace Lake Chumuckla Highway Pace, FL 32571

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $1,440,000

    8 Acres near new Piggly Wiggly; high development potential.

    Property size:
    348,480 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    330
    This exceptional 8-acre parcel presents a remarkable opportunity for developers seeking a prime location in Pace, Florida. Situated directly adjacent to a newly constructed Piggly Wiggly grocery store and a soon-to-be-built pharmacy, this property boasts unparalleled visibility and accessibility. The high-traffic area ensures significant potential for a variety of commercial developments. The seller is open to negotiations regarding the exact acreage, potentially adding more land to accommodate the buyer's specific needs and project scope. This flexibility allows for customized development plans, catering to a wide range of commercial ventures. The property's strategic location, coupled with its size and the seller's willingness to adapt, makes it an ideal investment for those seeking a high-impact development project in a rapidly growing area. The listed price is $1,440,000. While the property is listed as 8 acres, the actual acreage may vary slightly depending on the buyer's requirements. Serious inquiries are encouraged. The property is located on Wallace Lake Chumuckla Highway in Pace, Florida, zip code 32571, within Santa Rosa County.

    Property Features for Wallace Lake Chumuckla Highway

    General Information

    Property type
    Other land
    Square Feet
    348,480 SF
    Price / Square Foot
    $4
    Elevators
    N/A
    Lot Size
    348,480 SF

    HighLights

    • Eight acres of prime Florida development land near a new Piggly Wiggly.
    • Excellent Pace, FL location with potential for expansion.
    • Seller may consider adding land to meet buyer's requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Pace
    State
    Florida

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    FAQs

    What type of property is this?
    Land - 8 Acres near new Piggly Wiggly; high development potential.
    Where is this land located?
    The property is located at Wallace Lake Chumuckla Highway Pace, FL.
    What is the asking price?
    The asking price for this property is $1,440,000.
    What are key features of this property?
    This property features: Eight acres of prime Florida development land near a new Piggly Wiggly.; Excellent Pace, FL location with potential for expansion.; Seller may consider adding land to meet buyer's requirements.
    (850) 564-0120
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    Wallace Lake Chumuckla Highway Pace, FL 32571
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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
    Wallace Lake Chumuckla Highway Pace, FL 32571
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