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    FOR SALE
    Specialty properties

    6600 Chumuckla Hwy, Pace, FL 32571

    932 SF 1 ac lot Built 1950
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US18-4586216
    Property summary
    AI-generated overview

    This exceptional 0.73-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Santa Rosa County, Florida. Located in a thriving retail submarket, this wooded vacant lot offers unparalleled potential for diverse development projects. Envision a retail center, office complex, residential development, medical facility, or a dynamic mixed-use project. The property's strategic location boasts proximity to key amenities, including a Publix, Piggly Wiggly, Wallace Lake K-8 school, the University of West Florida, and a newly opened Starbucks. Further enhancing its appeal, a Walmart is slated to open soon just 4.3 miles away. This prime location within Santa Rosa County, a rapidly expanding community with a 2023 population of 203,162, ensures high visibility and accessibility. The single-tenant zoning provides flexibility for a variety of development plans, making this a truly exceptional opportunity for investors seeking high-growth potential in a desirable Northwest Florida location. The land is currently available for ground lease. This is a rare chance to secure a significant piece of land in a booming area with excellent infrastructure and a strong local economy. Don't miss this chance to capitalize on the growth and potential of this prime commercial property.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1950
    Construction WOOD
    Total area 932 SF
    Lot 1 ac (43,560 SF)
    Zoning code AG-RR
    APN 17-2N-29-0000-00300-0000
    UPID US18-4586216
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Elizabeth C Allen · 5 yrs held
    Elizabeth C Allen
    since 2020
    Last sale
    $80,000
    5 recorded transactions
    2023
    2020
    $59,900
    2019
    $46,000
    2008
    2008
    Zoning & alternative use
    AG-RR · Pace, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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