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2.29 Acres Highway 98, Santa Rosa Beach, FL 32459

$2,395,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 99,752 Status: Active
Current Price: $2,395,000 List Date: 5/01/2024 Last Modified: 5/01/2024

Description

ENTITLED 100-Key HOTEL SITE on an extremely PRIME 2.29 Acres of 100% UPLANDS containing an astounding ~328' along Highway 98, which is located in one of Florida's fastest growing markets! This coveted site is part of the approved, master-planned Sandbar community's commercial plat, the ''front door'' to a 30+ acre community, convenient in proximity and connectivity to Scenic 30A without having to cross Highway 98! The strategic location will benefit not only from high visibility captured by the approximate 40,000+ vehicles passing the site daily along Highway 98, but also the synergy with the mixed-uses surrounding the exceptional parcel, all economically fueled by the phenomenal growth that is occurring in Santa Rosa Beach and Scenic 30A, Florida. The superb quality of this...

Supplements: offering is an extremely rare opportunity in the local real estate market. The uploaded illustration reveals the subject land as "Lot 4", which is entitled for 100-keys of hotel rooms; totaling 56,000 SF of entitled intensity. The development of this parcel should be more cost-effective, as the topographic grade is favorable, and the existing entitlements should allow for a dramatic advancement to reach fruition for vertical construction. Additional contiguous upland land may be available should a buyer require a larger parcel. Please inquire for further details.

More Information MLS# 948711

None

Current Price: $2,395,000

Status Change Info

Status: Active

Contract Info

GCCMLS Number: 30872080 List Date: 2024-04-30 List Price: $2,395,000 Listing Board: Emerald Coast

Location, Tax and Legal

Area: 17 - 30A West Street #: 2.29 Acres Street Name: Highway 98 State: FL Zip Code: 32459 County: Walton Sub Area: 1701 - Santa Rosa Beach S of 98 West of 393 Parcel ID: 33-2S-20-33260-001-0003 Property Name: Lot 4, Sandbar Commercial Legal Description: Lot 4, Sandbar Commercial Plat; Walton County, Florida / South Santa Rosa Beach

General Property Info

Listed on GCCMLS: Yes Vacant: Yes Immediate Occupancy: No Acreage: 2.29 Lot Frontage: 328

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: ENTITLED 100-Key HOTEL SITE on an extremely PRIME 2.29 Acres of 100% UPLANDS containing an astounding ~328' along Highway 98, which is located in one of Florida's fastest growing markets! This coveted site is part of the approved, master-planned Sandbar community's commercial plat, the ''front door'' to a 30+ acre community, convenient in proximity and connectivity to Scenic 30A without having to cross Highway 98! The strategic location will benefit not only from high visibility captured by the approximate 40,000+ vehicles passing the site daily along Highway 98, but also the synergy with the mixed-uses surrounding the exceptional parcel, all economically fueled by the phenomenal growth that is occurring in Santa Rosa Beach and Scenic 30A, Florida. The superb quality of this...

Office/Member Info

Cooperative Comp: 2 Cooperative Comp Type: %

Hotel/Motel

Building SqFt: 56000 # of Rooms: 100

Land

Property Type: Mixed Use

Property Features

Class: Hotel/Motel; Land Construction Status: Proposed
Listing Office: Somers & Company
Last Updated: May - 01 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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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