5740 Hwy 85 N Crestview, FL 32536
This exceptional 1.9-acre property presents a remarkable opportunity for commercial development in Crestview, Florida. Strategically located just north of the established Northcrest Plaza and Winn-Dixie Plaza on Highway 85, this site benefits from high daily traffic counts along this busy thoroughfare. Currently zoned residential, the property is ideally positioned for conversion to commercial use, given its adjacency to both commercially and multi-use zoned properties. The owner has initiated the rezoning process, streamlining the path to development. The property includes an existing 2,500 square foot structure, offering flexibility for immediate use or potential redevelopment. With almost two acres of land and its prime location, this property offers endless possibilities for a variety of commercial ventures. The asking price is $849,900. This is a rare chance to acquire a significant parcel in a rapidly growing area of Crestview, offering substantial potential for return on investment. The property's address is 5740 Hwy 85 N, Crestview, FL 32536.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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