5065 Chumuckla Hwy Pace, FL 32571
This exceptional 8.54-acre parcel, located at 5065 Chumuckla Highway in Pace, Florida, 32571, presents a remarkable opportunity for retail development. Situated in the heart of Pace, this large tract boasts high visibility and accessibility, making it an attractive location for a variety of commercial ventures. The property currently includes a small rental structure, offering potential for immediate income generation or redevelopment. Detailed plans for a proposed development are available for review (see attached image). The expansive lot size provides ample space for a significant retail project, allowing for flexibility in design and layout to accommodate various retail concepts. This prime location in Santa Rosa County offers excellent access to major roadways and a growing residential population, ensuring a strong potential customer base. The asking price for this exceptional development opportunity is $1,500,000. Serious inquiries are encouraged. This is a rare chance to acquire a substantial piece of land in a thriving Florida community, perfectly positioned for retail success. Don't miss this chance to secure a prime location for your next retail venture.
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.