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5020 Arena Rd Crestview, FL 32536

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For Sale
$10,900,000

High-potential land parcel near future interchange and new hospital.

Lot size:
19.75 Acres

Property Features for 5020 Arena Rd

General Information

Standard status
Active
Lot size
19.75 Acres

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Listing Contact
Laflure Vice
Source: Corcoran

Listing Agency: SCENIC SOTHEBY'S INTERNATIONAL REALTY Listing Agent: Laflure Vice

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

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Overview

19.75 Acres Development Opportunity

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.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency HVAC Service

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

Location Insight

  • Map
  • Local Demand
City
Crestview
County
Okaloosa
State
Florida
Longitude
-86.6007407
Latitude
30.7329247

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 Rd 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.
More about this property
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