Unit 4.41 Acr 4.41 Ave Crestview, FL 32536
- Commercial real estate
- 4.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Unit 4.41 Acr 4.41 Ave
- Lot size
- 4.41 lot acres
- Property type
- Commercial real estate
Description
This exceptional 4.41-acre commercial property in Crestview, Florida, presents a prime development opportunity. Located within city limits and adjacent to existing developments, this parcel offers unparalleled visibility and convenience. Currently zoned R-3, it allows for up to 8 units per acre, making it ideal for a multi-unit residential complex or expansion of the existing seven rental units, providing immediate income potential. The property comprises eight individual parcels (07-3N-23-0000-0012-0000, 07-3N-23-0970-0002-0000, 07-3N-23-0000-0010-0000, 07-3N-23-0970-0003-0000, 07-3N-23-0000-0011-0000, 07-3N-23-0970-0005-0000, 07-3N-23-0970-0008-0000, and 07-3N-23-0000-0009-0000), totaling 4.41 acres. Crestview's rapid growth makes this a strategic investment in a thriving community. The existing rental units offer immediate cash flow while development plans are underway. This property represents a rare chance to capitalize on a burgeoning market and build significant equity. Don't miss this chance to secure this valuable asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.5798
- Latitude
- 30.7697
