4869 Retta Ln Crestview, FL 32536
- Commercial real estate
- 30.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4869 Retta Ln
- Lot size
- 30.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 30-acre commercial property in Crestview, Florida, presents a remarkable investment opportunity. Currently zoned for mixed use with a 2.0 FAR and a density of 25 units per acre, the property offers significant flexibility for development. A previous feasibility study indicates the potential for a recreational vehicle park with over 140 sites. The property has been successfully annexed into the City of Crestview, and zoning and future land use adjudication has been withheld, allowing a new owner to pursue either mixed-use or commercial development. Opportunities exist for on-site drainage management or land filling to increase density. The location is highly advantageous, boasting easy access to Interstate 10 and proximity to established businesses such as Lowe's, a new Texas Roadhouse restaurant, and other new developments. Further enhancing its appeal, a new paved highway, the Crestview Bypass, is under construction directly to the north, promising improved access. Raspberry Road, directly adjacent to the south, is reportedly slated for future improvements. The property sits within a dense retail corridor, benefiting from a strong presence of national and credit tenants and is situated across from three major shopping centers. This prime location and flexible zoning make this a truly exceptional investment opportunity with significant upside potential. The asking price is $1,850,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.58485
- Latitude
- 30.72775
