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5908 Houston Ln - Crestview Multifamily Property

28.92 Acres of Commercial Land Offered at $5,400,000 in Crestview, FL 32539

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MULTIFAMILY CONCEPTUAL SITE PLAN W:400 UNITS

Horne Property Boundary Survey

Property Facts

Price	$5,400,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	1031 Exchange Redevelopment Project	Proposed Use	Commercial Mixed Use Apartment Units Apartment Units - Senior Auto Dealership Garden Center Healthcare Hold For Development Hold For Investment Hospital Master Planned Community Medical Planned Unit Development Power Center Storefront, Retail or Office Strip Center
No. Lots	1	Total Lot Size	28.92 AC

Price	$5,400,000
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Apartment Units Apartment Units - Senior Auto Dealership Garden Center Healthcare Hold For Development Hold For Investment Hospital Master Planned Community Medical Planned Unit Development Power Center Storefront, Retail or Office Strip Center
Total Lot Size	28.92 AC

1 Lot Available

Lot

Price	$5,400,000	Lot Size	28.92 AC
Price Per AC	$186,722

Price	$5,400,000
Price Per AC	$186,722
Lot Size	28.92 AC

Exceptional investment opportunity to purchase 28.92 acres of Mixed Use Commercial Land located in the flourishing growth area of Crestview, FL.

Description

Exceptional investment opportunity to purchase 28.92 acres of Mixed Use Commercial Land located in the flourishing growth area of Crestview, FL. This gorgeous property boasts 725 linear feet on Highway 85 North and over 1,500 linear feet around Houston Lane, wrapping the entire western, northern, and eastern sides of the property, promoting excellent traffic circulation and access. The property's inherent beauty and land use permit various uses, including but not limited to Assisted Living, Multi-Family, Medical, and Commercial Retail. Okaloosa County MU Zoning allows for 20 residential units per acre and Floor Area Ration of 2.0 for commercial cases. Ideal 1031 investment property for those seeking a like-kind commercial property exchange.

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