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    5745 Highway 85 Crestview, FL 32536

    Sponsored
    For Sale
    $629,000

    Vacant Retail Building, Hwy 85, 1,176 sq ft

    Property size:
    1,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 5745 N Hwy 85 in Crestview, Florida, presents a unique investment opportunity. Boasting 1,176 square feet of vacant space, this single-unit building sits on a one-acre lot (170x257.86 feet) and is zoned for mixed use, offering considerable flexibility for a variety of businesses. Constructed in 1972, the property benefits from its prime location on Highway 85, ensuring high visibility and accessibility. The property's strategic position provides convenient access to major roadways including Highway 90 and I-10, enhancing its appeal to a wide range of potential tenants. Furthermore, the surrounding area offers a wealth of amenities, including local schools, a hospital, a Publix supermarket, numerous restaurants, and the Crestview Commons shopping center, all within easy reach. The property's parcel number is 33-4N-23-0000-0054-001A. This is an ideal location for businesses seeking high visibility and convenient access to a thriving community. The asking price for this exceptional property is $629,000. Don't miss this chance to acquire a valuable asset in a high-demand area.

    Property Features for 5745 Highway 85

    General Information

    Property type
    Retail properties
    Square Feet
    1,176 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1972
    Units
    1

    HighLights

    • Submarket: Auburn/Garden City
    • Lot Size: 170' x 257.86'
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5552059
    Latitude
    30.7991397

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    FAQs

    What type of property is this?
    Retail property - Vacant Retail Building, Hwy 85, 1,176 sq ft
    Where is this retail property located?
    The property is located at 5745 Highway 85 Crestview, FL.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: Submarket: Auburn/Garden City; Lot Size: 170' x 257.86';
    (850) 398-8898
    Request Owner's contact information
    5745 Highway 85 Crestview, FL 32536
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    Crestview, FL 32536
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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
    5745 Highway 85 Crestview, FL 32536
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