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    389 Highway 29 S Cantonment, FL 32533

    For Sale
    $1,950,000

    Commercial land with highway frontage and potential building or redevelopment.

    Lot size:
    21.46 Acres

    Property Features for 389 Highway 29 S

    General Information

    Lot size
    21.46 Acres

    Source: Salter Commercial LLC Agent Troy Doss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Commercial Land

    This commercial land is located at the northwest corner of Highway 29 and Tate Road, adjacent to the IP Paper Mill. The property features over 250 feet of frontage on Highway 29. Dimensions are approximately 250 feet on Highway 29, 725 feet on Tate Road, 858 feet, 846 feet, and 1,393 feet. An additional 11.9 acres is available adjoining this property on the south side. The property has no wetlands. It backs up to a railroad. There is a 2,271-square-foot home on the property that could be used as an office or razed.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.313971
    Latitude
    30.598774

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    FAQs

    What type of property is this?
    Land - Commercial land with highway frontage and potential building or redevelopment.
    Where is this land located?
    The property is located at 389 Highway 29 S Cantonment, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - High visibility location on NW corner of Hwy 29 and Tate Rd with 250+ front feet on Hwy 29; - Large lot size with dimensions of 250' x 725' x 858' x 846' x 1,393'; - Additional 11.9 acres available adjoining the property
    (850) 206-5487
    Request Owner's contact information
    389 Highway 29 S Cantonment, FL 32533
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    Cantonment, FL 32533
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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
    389 Highway 29 S Cantonment, FL 32533
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