5658 Hwy 90

Land

5658 Hwy 90, PaceFL 32571

Property Details

Location

Address
5658 Hwy 90, PaceFL 32571
County
Santa Rosa
Submarket
Parcels
07-1N-28-0000-01525-0000

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
50.8 Acres
Land (SF)
2,212,848 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R-1
Lot Depth
Lot Width

Contacts

Current Listings

Residential Development Opportunity 50 Acres

50.8 Acres$1,985,000

BRING ALL OFFERS! Seller is highly motivated and will entertain all offers!

Rare residential development opportunity located in the heart of Pace, one of the state’s most rapidly growing communities. The +/-50.8 acre site is located on the north side of Highway 90, which is the main commuter artery through Pace and Milton, FL. The site has two access points on the east and west sides of the property, Lori Lane and Craig Street. The property is zoned R-1 Residential which permits 4 lots/acre. The owner has two conceptual plans which include a 200 lot plan and alternate plan which could enlarge the lots and create +/-136 lots. This is an excellent development site in Pace with the unique aspect of having the beautiful Pond Creek and natural features located on the north end of the property. The Pond Creek waterway and surrounding forest will serve as the perfect natural amenity and common area for a potential residential development and homeowners. The population growth in Pace has skyrocketed in the last decade and continues to be a strong housing market with the close proximity to military bases and desirable features Pace has to offer.

The Pace community is conveniently located midway between the Pensacola and Milton areas which are home to two of the busiest Naval Air bases in the country, NAS Pensacola and NAS Whiting Field. The Pace community has a large military presence and a large population of the personnel resides in this immediate area. The site is close proximity to shopping and several national retailers, restaurants, top-rated schools and colleges, health systems, parks, beautiful beaches, shopping, and entertainment. Within the recent years the area has become highly sought after for new developments and is a desirable community to reside or retire.

BRING ALL OFFERS! Seller is highly motivated and will entertain all offers!

Rare residential development opportunity located in the heart of Pace, one of the state’s most rapidly growing communities. The +/-50.8 acre site is located on the north side of Highway 90, which is the main commuter artery through Pace and Milton, FL. The site has two access points on the east and west sides of the property, Lori Lane and Craig Street. The property is zoned R-1 Residential which permits 4 lots/acre. The owner has two conceptual plans which include a 200 lot plan and alternate plan which could enlarge the lots and create +/-136 lots. This is an excellent development site in Pace with the unique aspect of having the beautiful Pond Creek and natural features located on the north end of the property. The Pond Creek waterway and surrounding forest will serve as the perfect natural amenity and common area for a potential residential development and homeowners. The population growth in Pace has skyrocketed in the last decade and continues to be a strong housing market with the close proximity to military bases and desirable features Pace has to offer.

The Pace community is conveniently located midway between the Pensacola and Milton areas which are home to two of the busiest Naval Air bases in the country, NAS Pensacola and NAS Whiting Field. The Pace community has a large military presence and a large population of the personnel resides in this immediate area. The site is close proximity to shopping and several national retailers, restaurants, top-rated schools and colleges, health systems, parks, beautiful beaches, shopping, and entertainment. Within the recent years the area has become highly sought after for new developments and is a desirable community to reside or retire.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Gulf Coast CMLS

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