7379 Navarre Pkwy Navarre, FL 32566
This exceptional 2.27-acre commercial land parcel is ideally situated on Navarre Parkway (Hwy 98) in Santa Rosa County, Florida, boasting a highly desirable hard corner location with approximately 330 feet of frontage. Zoned HCD, this property offers significant development potential. A recent wetlands survey is available, indicating approximately 2.23 acres of uplands and a minimal 0.09 acres of wetlands favorably positioned along the east side. The property's strategic location within a thriving area of sustained growth, surrounded by upscale residential communities, first-class vacation resorts, and a mix of commercial projects, makes it an attractive investment opportunity. The high daily traffic count of 39,500 vehicles further underscores its commercial viability. Navarre's popularity as a tourist destination, with its beautiful beaches, charming shops, and diverse recreational activities, contributes to the property's long-term value and potential for significant returns. The parcel's location near brand-name retailers and medical facilities adds to its appeal. This is a rare opportunity to acquire a well-positioned commercial property in one of Florida's fastest-growing communities. The APN is 23-2S-27-0000-03000-0000. The asking price is $695,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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