112 Lloyd St Crestview, FL 32536-3319

Property Details for 112 Lloyd St

Lot size

34.81 lot acres

Zone code

M-1

Property type

Commercial land

APN

18-3N-23-0000-0034-001B

APU

183N2300000034001B

Description

This exceptional 34.81-acre commercial land parcel presents a significant investment opportunity in Crestview, Florida. Strategically located in Okaloosa County, this property boasts unparalleled access to major transportation arteries, including I-10, SR-85, and US-90, solidifying its position as a key commercial hub. Its proximity to the Atlantic Railroad further enhances its logistical advantages. The site's location in the rapidly growing Florida Panhandle, just north of the thriving markets of Fort Walton Beach and Destin, offers substantial potential for development. The area's popularity as a tourist destination, driven by its warm climate, beautiful beaches, and emerald waters, contributes to a robust and expanding population, exceeding 20% growth in the last decade. Development potential includes approximately 186 townhome units (at an estimated $14,500 per unit) and 84 single-family units (at an estimated $27,500 per unit). The property's APN is 18-3N-23-0000-0034-001B. The asking price for this expansive tract is $5,000,000. This is a rare opportunity to acquire a large, well-situated parcel in a high-growth area. The address is 112 N Lloyd St, Crestview, FL 32536.