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Property profile & analytics
OFF-MARKET
Land

Santa Rosa Beach, FL 32459

1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.5-acre commercial lot in Santa Rosa Beach, Florida, presents a unique development opportunity. Located on US Highway 98, this property boasts 239 feet of prime highway frontage, benefiting from an existing deceleration lane and an estimated daily traffic count of approximately 150,000 vehicles. Zoned Village Mixed Use, the site is identified as 'Parcel B' within The Shops at 393 development, providing convenient access to the CR 393 and Highway 98 traffic light. A significant advantage is the existing development order for an 11,132 square foot sub-dividable building with a drive-thru, already approved. Over $350,000 has been invested in infrastructural improvements and soft development costs, saving a considerable amount of time and expense compared to typical development timelines in South Walton County (often exceeding one year). The rough-graded pad site maximizes buildable area thanks to an efficient offsite water retention system. This location offers exceptional visibility and is ideally suited for retail, medical, or professional office uses. Situated approximately 2 miles north of Scenic 30A and Gulf Place, the property benefits from proximity to beach-front parks and beach access. The asking price is $2,495,000. The APN is 27-2S-20-33210-000-0165.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 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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