Property summary
This exceptional 6.09-acre commercial property in Navarre, Florida, presents a compelling redevelopment opportunity. Currently housing a single-story, 2,000 square foot building with 4,560 square feet of net rentable space, operating as a boat and RV storage facility, this property offers significant income potential. The existing structure was built and renovated in 1984 and sits on two separate parcels located at 8936 and 8926 Navarre Parkway, zip code 32566, within Santa Rosa County. The property boasts 100% occupancy and is zoned HCD, providing flexibility for various commercial or residential projects. The asking price is $6,250,000, translating to $1,026,272 per acre and $3,125 per square foot. High traffic volume (over 47,000 vehicles per day) on Navarre Parkway, coupled with strong demographics (average household income within 3 miles is $123,120, and average household value within 10 miles is $402,906), underscores the property's exceptional investment potential. An on-site billboard further enhances visibility and marketing opportunities. This is a rare chance to acquire a substantial land parcel in a thriving Florida market. The property is for sale by owner. Parcel numbers are 21-2S-26-0789-0DD00-0000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HCD · Navarre, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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