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Property profile & analytics
OFF-MARKET
Land

2032 Fl-87 Navarre, FL 32566

3.18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.18-acre commercial land parcel presents a unique investment opportunity in the thriving coastal town of Navarre, Florida. Located on Highway 87, it boasts 200 feet of frontage, ensuring high visibility and accessibility. Its strategic location, less than half a mile from Navarre Beach and under 20 miles from I-10, offers unparalleled convenience. Zoned for Highway Commercial Development (HCD), this property is ideally suited for a variety of uses, including RV parks, residential communities, hotels, retail spaces, restaurants, or recreational facilities. Extensive groundwork has already been completed, including rezoning, surveys, soil testing, wetlands delineation, lot clearing, and the creation of two retention ponds. Site plans for an RV lot are approved, and groundwork for a clubhouse has begun, significantly reducing development time and costs. This turnkey opportunity allows for immediate development, capitalizing on Navarre's rapid growth and strong tourism sector. Access is easily provided via Laredo Street. The asking price is $1,800,000.

Property profile
Verified
Property type Land
Lot 3.18 ac (138,521 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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