Commercial Land with Lake
For Sale
$1,355,000
N Pearl Street, Crestview, FL 32536
Commercial for Sale, Crestview, FL
Property SizeContact for details
Lot Size8.58 Acres
Days on Market973
Property Features for N Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Heading north on Ferdon Avenue turn left onto James Lee Blvd and then take an immediate right onto N. Pearl Street for 1.2 miles and take left onto Arbor Lake Drive to enter Arbor Lake Townhome Sub-division.
Subdivision
25 - Crestview Area
Standard status
Active
APN
08-3N-23-1701-0000-001B
Lot size
8.58 Acres
Taxes and HOA fees
Tax Description
MCCASKELL 2ND ADD LOTS 1 & 6 AND ALL OF VACATED ALLEY WEST THEREOF BK 2724 PG 1453 LESS CITY LIFT STATION LESS 44FT WIDE ENTRANCE FOR ARBOR LAKE PH 1 LESS ARBOR LAKE PH II
Legal Description
MCCASKELL 2ND ADD LOTS 1 & 6 AND ALL OF VACATED ALLEY WEST THEREOF BK 2724 PG 1453 LESS CITY LIFT STATION LESS 44FT WIDE ENTRANCE FOR ARBOR LAKE PH 1 LESS ARBOR LAKE PH II
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
Dennis Fortenberry · License #627640
(850) 428-3688
Added: Jan 13, 2024
Changed: Sep 11
Last Checked: Sep 12 at 2:06AM
MLS# 940030
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8.58-acre commercial land offering comprises Phase II of Arbor Lake, with 74 units of formerly entitled townhome density planned alongside single-car garages. The property includes a pristine lake, multi-tiered topography, completed engineering work, and horizontal improvements associated with the subdivision. Existing site components include roads, curbs, stormwater drainage, sewer, water, street lights, an entrance sign, a pool, and a pool house.
Underground infrastructure is partially installed for the planned 74-unit phase, while the lift station serving both development phases is under City management. The property also benefits from lake views across the site. Commercial zoning applies to the parcel, and the offering is positioned around existing development infrastructure and a defined residential-density plan.
Underground infrastructure is partially installed for the planned 74-unit phase, while the lift station serving both development phases is under City management. The property also benefits from lake views across the site. Commercial zoning applies to the parcel, and the offering is positioned around existing development infrastructure and a defined residential-density plan.
Key Highlights
- 8.58 acres of commercial‑zoned land
- Formerly entitled plan for 74 townhome units with single‑car garages
- Lake views with multi‑tiered topography and a pristine lake
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial-zoned acreage with planned townhome density and substantial horizontal improvements already in place.
Where is this commercial land located?
The property is located at N Pearl Street Crestview, FL.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: 8.58 acres of commercial‑zoned land; Formerly entitled plan for 74 townhome units with single‑car garages; Lake views with multi‑tiered topography and a pristine lake
