4869 Retta Lane, Crestview, FL 32536 (MLS# 925144)

Class: Land; Other

Construction Status: Existing; N/A

Waterfront: Pond

....DUE TO NATURAL ELEVATION OF THE LAND, COMMERCIAL SIGNAGE COULD PROVIDE ONE OF THE HIGHEST VISIBILITY SITES TO CAPTURE ATTENTION OF 50,000+ DAILY COMMUTERS. ADJACENT SYNERGY; THE SITE IS NESTLED JUST BEYOND THE UNDER CONSTRUCTION "CRESTVIEW COMMONS" A MAJOR COMMERCIAL PLAZA WITH NATIONAL RETAIL TENANTS ETC. THE SITE IS APPROXIMATELY 2,500' DUE WEST OF EXISTING LOWE'S SUPER CENTER AND 3,500' DUE WEST OF NEWLY PURCHASED TEXAS ROADHOUSE SITE (2.37 ACRES, SOLD AT $1.6MM 2021); AND DOLLAR GENERAL, APPLEBEES, BURGER KING, WAL MART, CHICK-FIL-A, CRACKER BARREL, THE LIST GOES ON. FUTURE IMPLICATIONS; PUBLIC INFORMATION REFLECTS CITY OF CRESTVIEW PLANS TO EXPAND PUBLIC RECREATION PARK / SPORTS AREA IN VICINITY OF THE SITE (SPECIFICALLY ~2,500' DUE WEST OF THE SITE), FURTHER INCREASING PUBLIC / CUSTOMER VISIBILITY. SEVERAL NEAR / ADJACENT SITE PROJECTS ARE IN PLANNING AND APPROVAL PROCESSES AND THUS HAVE NOT YET BROKEN GROUND, TO INCLUDE HOTEL AND MULTI FAMILY. THE SITE CURRENTLY HAS FUNCTIONING WELL WATER AND SEPTIC, IN GROUND CEMENT POOL, (3) SPRING-FED PONDS PREVIOUSLY STOCKED, STORAGE BARN/WAREHOUSE SPACE, AND VINTAGE 1980 LOG CABIN FEATURING 2 BEDROOMS 2 BATHS AND HIGHLY UPDATED INTERIOR/SYSTEMS. *****THIS PROPERTY IS A MUST SEE; YOU CAN LITERALLY "FEEL" THE GROWTH OF THE CITY PUSHING FROM ALL SIDES. ******NEAREST SEWER CONNECTION IN VICINITY OF LOWES; HOWEVER, THE UNDER CONSTRUCTION CITY ARTERIAL ROAD DUE NORTH WILL LIKELY BRING SEWER EVEN CLOSER FOR LOWER CONNECTION FEES. ******LAND VALUE OF SITE EXPECTED VALUATION AT 2-3X MULTIPLE IN 3-5 YEARS TIME BASED ON CURRENT RATES. Demographics & U.S. Census Data at a glance Crestview population density per square mile increased by 25% from 2010-2020. (Bearing in mind that the greatest "boom" is occurring in our current time segment) Population percentage increase of 2.9%, April 2020 - July 2022. Owner-occupied housing unit rate of 57.3%. Persons 65+, 11.4%. Nearly 9 out of 10 households have a computer with broadband internet service. Median household income of more than $56,000 in 2021. $482,000,000+, total retail sales 2017. $211,200,000+, healthcare and social assistance receipts 2017. $73,600,000+, accommodation and food service sales 2017. $18,300,000+, transportation and warehousing receipts 2017. Thank you for your time and consideration of this offering; please contact an agent / broker to further discuss details of this high-yield opportunity.