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5020 Arena Road, Crestview, FL 32536

$10,900,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 860,310 Status: Active
Current Price: $10,900,000 List Date: 12/19/2025 Last Modified: 12/19/2025

Description

Prime 19.75-Acre Development Opportunity -Strategically positioned just off the upcoming FDOT interchange connecting I-10, Hwy 85, Antioch Rd., and PJ Adams, this high-and-dry parcel offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Hwy 90 to I-10, unlocking major traffic flow and long-term growth. Currently operated as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Located near the new hospital site, this property sits in the heart of a rapidly expanding medical and commercial hub—ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. A rare chance to secure nearly 20 acres in a booming growth path.

More Information MLS# 991550

Contract Info

GCCMLS Number: 99999999 Listing Board: Emerald Coast List Date: 2025-12-19 List Price: $10,900,000

Location, Tax and Legal

Sub Area: 2502 - Crestview Southwest Legal Description: NE1/4 EXC PART SOLD

General Property Info

Listed on GCCMLS: No Vacant: Yes Immediate Occupancy: Yes Acreage: 19.75

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Prime 19.75-Acre Development Opportunity -Strategically positioned just off the upcoming FDOT interchange connecting I-10, Hwy 85, Antioch Rd., and PJ Adams, this high-and-dry parcel offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Hwy 90 to I-10, unlocking major traffic flow and long-term growth. Currently operated as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Located near the new hospital site, this property sits in the heart of a rapidly expanding medical and commercial hub—ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. A rare chance to secure nearly 20 acres in a booming growth path.

Class

Land: 1

Construction Status

N/A: 1

Land

Property Type: Farm

None

Current Price: $10,900,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 25 - Crestview Area Street #: 5020 Street Name: Arena Street Suffix: Road State: FL Zip Code: 32536 County: Okaloosa Parcel ID: 25-3N-24-0000-0002-0000

Property Features

Class: Land Construction Status: N/A
Listing Office: Scenic Sotheby's International Realty
Last Updated: December - 19 - 2025
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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