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

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

Contract Info

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

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

General Property Info

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

Land

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

Property Features

Class: Land
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© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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