5063 Highway 90 Pace, FL 32571

Property Details for 5063 Highway 90

Lot size

0.94 lot acres

Property type

Commercial real estate

Description

This almost one-acre commercially zoned lot in Pace, FL, boasts 197 feet of frontage on Highway 90, a major thoroughfare with 34,500 cars passing daily. Its ideal location within a thriving retail corridor, situated near national retailers like Walmart, Lowe's, and Target, ensures exceptional visibility and accessibility. The property is level, cleared, and build-ready, previously the site of a former Elks Lodge. A median cut and turn lane are in place, just before a lighted intersection, with signage opportunities directly on Highway 90. The surrounding area is experiencing significant growth, with a 5-mile radius encompassing 2,197 businesses employing approximately 17,876 individuals and generating over $2 billion in sales. Pace's population has increased by 21.44% since the last census, boasting an average household income of $100,572. The strong local economy is driven by the military (contributing over $7.6 billion annually), tourism, Navy Federal, and major medical institutions. Pace's excellent schools and lower-than-average housing costs contribute to its high quality of life and attract families and veterans, creating a skilled workforce. This property presents a unique opportunity for significant return on investment in a rapidly expanding market. The asking price is $640,000.