19.75 Acres Development
5020 Arena Road Crestview, FL 32536
5020 Arena Road, Crestview, FL, 32536
$10,900,000
For Sale
$10,900,000
High-potential land parcel near future interchange and new hospital.
Lot Size19.75 Acres
Days on Market214
Property Features for 5020 Arena Road
General Information
- Standard status
- Active
- Lot size
- 19.75 Acres
- Property subtype
- Commercial
Listing Agency
SCENIC SOTHEBY'S INTERNATIONAL REALTY
(850) 231-6052
Listed by
LAFLURE & VICE
Source
Corcoran
Added: Dec 19, 2025 Updated: Jul 10 at 3:46 pm Checked: Jul 19 at 4:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SCENIC SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This 19.75-acre parcel presents a prime development opportunity. Strategically located just off the upcoming Florida Department of Transportation (FDOT) interchange connecting I-10, Highway 85, Antioch Road, and PJ Adams Parkway, the high-and-dry land offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Highway 90 to I-10, facilitating traffic flow and long-term growth. Currently operating as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Situated near the new hospital site, the property is located in a rapidly expanding medical and commercial hub, making it ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. This property represents a chance to secure nearly 20 acres in a booming growth path.
Key Highlights
- Prime 19.75‑acre development opportunity located just off the upcoming FDOT interchange connecting I‑10, Hwy 85, Antioch Rd., and PJ Adams.
- High‑and‑dry parcel with exceptional commercial or mixed‑use potential.
- Corridor is four‑laned from Hwy 90 to I‑10, unlocking major traffic flow and long‑term growth.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - High-potential land parcel near future interchange and new hospital.
Where is this commercial land located?
The property is located at 5020 Arena Road Crestview, FL.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: Prime 19.75‑acre development opportunity located just off the upcoming FDOT interchange connecting I‑10, Hwy 85, Antioch Rd., and PJ Adams.; High‑and‑dry parcel with exceptional commercial or mixed‑use potential.; Corridor is four‑laned from Hwy 90 to I‑10, unlocking major traffic flow and long‑term growth.
