2032 Fl-87 Navarre, FL 32566
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.