Santa Rosa Beach, FL 32459
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.