1049 Patriot Lane, Crestview, FL 32539

$520,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 319,295 Status: Sold
Current Price: $695,000 List Date: 12/15/2016 Last Modified: 10/12/2024

Description

HUGE PRICE REDUCTION- MOTIVATED SELLER! 7.33 Acre site consisting of two parcels in rapidly growing Crestview Florida. The northern 6 acre parcel is zoned High Density Residential while the southern 1.33 acre parcel is currently for 4 units per acre. This site is approved for up to 137 units of Multi-Family Housing or similar uses and is conveniently located minutes from new schools, the North Okaloosa Medical Center, shopping and several local military bases. Pinnacle Point, a 150 unit multi-family complex, adjoins this property to the north. Pinnacle Point has a occupancy rate of 95.6% with average rents of $.88 to $.91 per sf (data from Co-star). Please see attached detailed demographics, market report, survey and information on the local area and adjoining project.

More Information MLS# 729460

Contract Info

Listing Board: Emerald Coast List Date: 2015-05-01 List Price: $695,000

Location, Tax and Legal

Sub Area: 2501 Crestview Southeast Property Name: NIC-HDR Legal Description: A PORTION OF TRACT 18 SANDY,LAKE ESTATES UNREC DES AS,COM INT OF S R/W APLIN RD AND,W LINE OF SEC 21 THC E ALG R/W,956.48FT TO E R/W OF A RD THC,S ALG E LINE 1322.01FT TO S,R/W AND POB E ALG S LINE,399.98FT S10 DEG E 495.77FT,S57 DEG W 385.93FT N31 DEG W,310.73FT TO E LSEE ADDITIONAL LEGAL ON TAX ROLL

General Property Info

Listed on GCCMLS: Yes Lot SqFt: 319300 Lot Depth: 750 Zoning: High Density Re Lot Frontage: 388 Future Land Use: High Density Residential Acreage: 7.33

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: HUGE PRICE REDUCTION- MOTIVATED SELLER! 7.33 Acre site consisting of two parcels in rapidly growing Crestview Florida. The northern 6 acre parcel is zoned High Density Residential while the southern 1.33 acre parcel is currently for 4 units per acre. This site is approved for up to 137 units of Multi-Family Housing or similar uses and is conveniently located minutes from new schools, the North Okaloosa Medical Center, shopping and several local military bases. Pinnacle Point, a 150 unit multi-family complex, adjoins this property to the north. Pinnacle Point has a occupancy rate of 95.6% with average rents of $.88 to $.91 per sf (data from Co-star). Please see attached detailed demographics, market report, survey and information on the local area and adjoining project.

Class

Land: 1

Land

Property Type: Multi-Family Price P/Acre: 107640

None

Current Price: $520,000

Status Change Info

Status: Sold Under Contract Date: 2017-08-07 Sold Date: 2017-08-23 Sold Price: $520,000

Location Tax and Legal

Area: 25 - Crestview Area Street #: 1049 Street Name: Patriot Street Suffix: Lane State: FL Zip Code: 32539 County: Okaloosa Parcel ID: 21-3N-23-0000-0017-012A

Property Features

Class: Land

Documents

Listing Office: Taylor Allen Properties LLC
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.