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    4600 E highway 20 Niceville, FL 32578

    Source: https://www.saltercompany.com
    For Sale
    $1,150,000

    High-traffic location, two lots included.

    Property size:
    35,641 SF

    Description

    Added:
    Feb 18, 2025
    Days on Market:
    298
    This exceptional commercial real estate opportunity encompasses 0.8 acres of prime land in Niceville, Florida, strategically located on East Highway 20. Boasting a daily traffic count of 31,000 vehicles, this property offers unparalleled visibility and accessibility. The site includes two contiguous parcels, 4600 and 4602, legally described as 24-1S-22-0640-000F-0010 and 24-1S-22-0640-000F-0020 respectively. Conveniently situated approximately 0.7 miles from the Mid-Bay Bridge and just half a mile from the main entrance to Blue Water Bay, this location provides easy access to Destin, Florida (approximately 5 miles away). While a house is present on the property, it is considered to have no value. The property is zoned C-3, accommodating a wide range of commercial uses. Potential buyers are responsible for verifying all information and ensuring suitability for their intended purpose. Please note that an additional 0.4 acres directly behind these parcels are not included in this sale. The asking price is $1,150,000.

    Property Features for 4600 E highway 20

    General Information

    Property type
    Other land
    Square Feet
    35,641 SF
    Price / Square Foot
    $32
    Elevators
    N/A
    Lot Size
    35,719 SF

    HighLights

    • High‑traffic location in Niceville, FL with 31,000 daily vehicles passing by.
    • Two combined lots totaling 0.8 acres zoned C‑3 for versatile commercial use.
    • Conveniently located near Mid‑Bay Bridge and Blue Water Bay, close to Destin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    City
    Niceville
    State
    Florida

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    FAQs

    What type of property is this?
    Land - High-traffic location, two lots included.
    Where is this land located?
    The property is located at 4600 E highway 20 Niceville, FL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: High-traffic location in Niceville, FL with 31,000 daily vehicles passing by.; Two combined lots totaling 0.8 acres zoned C-3 for versatile commercial use.; Conveniently located near Mid-Bay Bridge and Blue Water Bay, close to Destin.
    (850) 896-1225
    Request Owner's contact information
    4600 E highway 20 Niceville, FL 32578
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    Niceville, FL 32578
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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
    4600 E highway 20 Niceville, FL 32578
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