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Property profile & analytics
OFF-MARKET Estimated value $620,000
Showrooms

3375 Hwy 97 Cantonment, FL 32533-4608

6,176 SF 13 ac lot Built 1998
Individually Owned Free & Clear
Property ID
US18-5411611
Property summary
AI-generated overview

This exceptional 13.038-acre commercial and industrial property in Escambia County, Florida, presents a remarkable investment opportunity. Located at 3375 S Hwy 97, Cantonment, FL 32533, near Nine Mile Road, this fee-simple land boasts 393 feet of paved road frontage and ample space for semi-truck maneuvering. Currently zoned Heavy Commercial/Light Industrial (HC/LI), the property allows for up to 25 dwellings per acre, opening doors to diverse development possibilities. Existing improvements include a 5,000 sq ft, two-story shop with four 16x14 drive-through doors and 3,000 sq ft of office space (2000 sq ft downstairs, 1000 sq ft upstairs), offering immediate income potential. A 30x40 red iron barn with power and its own fenced area adds further utility. The property features a fully fenced perimeter, a private driveway, central heating and air conditioning in the office spaces, and ample parking. Single-phase power is available, with the option for three-phase power. The property's versatility allows for commercial, light industrial, retail, recreation, and entertainment uses, making it ideal for developers seeking high-density projects. The asking price is $2,200,000, with a price per acre of $152,905.20. APN: 361N3131010000013. Future land use is designated as Mixed Use Suburban (MU-S).

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1998
Construction TYPE NOT SPECIFIED
Total area 6,176 SF
Lot 13 ac (566,280 SF)
Zoning code HC/LI
APN 36-1N-31-3101-000-013
UPID US18-5411611
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$619k
Blend (final) Blend
$620k
Owner & transaction history
PHILIP S CARTER
PHILIP S CARTER
Zoning & alternative use
HC/LI · Cantonment, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $930,000 +13.5%
Auto repair, garage $865,000 +5.6%
Office building $830,000 +1.0%
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