19.75 Acres Development
For Sale
$10,900,000
5020 Arena Road, Crestview, FL 32536
High-potential land parcel near future interchange and new hospital.
Property SizeContact for details
Lot Size19.75 Acres
Days on Market260
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
(850) 685-3408
Source:
Corcoran
Added: Dec 19, 2025
Changed: Sep 4
Last Checked: Sep 5 at 8:10AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 32536, FL
25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
