Absolute $1 Land Auction

Land Description

Signalized 1.25 AC Parcel - 43k Vpd

Investment Highlights

Traffic counts of ±43,187 VPD on Gulf Breeze Parkway with 217' of frontage near signalized intersection

Shadowed by Walmart Supercenter, Lowe's Home Improvement, Walgreens less than 0.5 miles away

10% population growth | Average household income of $107,762 within a 5-mile radius

Zoned Planned Business District

Absolute $1 Auction - NO Reserve.

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±1.25 AC undeveloped land parcel located on US Hwy 98 near the intersection of Magnolia Manor Dr (the “Property”) in Gulf Breeze, Florida. This Property offers an exceptional investment opportunity via development and first bid meets reserve.

The Property is being offered at a substantial discount as the Santa Rosa County's 2019 Assessment puts the Current Market Value of the land at $521,559. With favorable commercial zoning (Planned Business District), this offering allows a generous variety of both residential and non-residential uses. The Property is irreplaceable infill real estate on Gulf Breeze Parkway which is the main east-west highway in this region of the Florida Panhandle adjacent to the Gulf of Mexico. The Property benefits from being near a signalized intersection with excellent visibility and access to 43,187 vehicles per day in front of the site.

The location is less than 0.5 miles from Tiger Point Pavilion, the largest shopping center in Gulf Breeze, featuring the only Walmart Supercenter and Lowe's Home Improvement in the trade area. Surrounding the location is the primary retail corridor of Gulf Breeze with a strong mix of well-established local and national retailers including Walmart, Publix, Popeyes, Whataburger, Lowe's Home Improvement, Waffle House, Starbucks, and many more. As of 2020, there were 26,907 residents with an average household income of $107,762 within a 5-mile radius. The population is anticipated to continue double-digit growth with an 11.60% increase expected from 2020-2025.