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Investment Highlights
- Prime location one block from the intersection of Highway 85 and Highway 90 in Crestview.
- Zoned Commercial C-1, allowing for a variety of commercial uses.
- High traffic counts: 22,000 AADT on Highway 90 and 42,000 AADT on Highway 85.
- Approximately 2.5 acres with 22,000 square feet of existing building improvements.
- Located within the City’s CRA district, offering potential redevelopment incentives.
- Across from Tractor Supply Shopping Center and near other established retailers.
Executive Summary
This property offers a rare opportunity to acquire a high-visibility commercial site in the heart of Crestview, Florida. Located just one block from the intersection of Highway 85 and Highway 90, the site benefits from exceptional traffic exposure, with an Average Annual Daily Traffic (AADT) count of 22,000 on Highway 90 and 42,000 on Highway 85. The property spans approximately 2.5 acres and includes about 22,000 square feet of existing structures, providing immediate utility and redevelopment potential. Zoned Commercial C-1, the site supports a wide range of commercial uses, including retail, office, hospitality, and service-oriented businesses. Positioned within the City’s Community Redevelopment Area (CRA) district and directly across from the Tractor Supply Shopping Center, the property is surrounded by established businesses and growing consumer demand. This location offers strong connectivity to major regional corridors and serves as a gateway to the Florida Panhandle’s expanding economic base.With its strategic location, flexible zoning, and significant frontage along W James Lee Blvd, this property is well-suited for investors, developers, and owner-users seeking a prominent position in one of Northwest Florida’s fastest-growing markets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
22,716 SF
Year Built
1940
Price
$2,399,000
Price Per SF
$105.61
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
2.50 AC
Zoning
Commercial - C1 - Commercial, City of Crestview
Frontage
512’ on James Lee Blvd
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-3N-23-2490-0174-0010 | Improvements Assessment | $490,670 |
| Land Assessment | $419,120 | Total Assessment | $909,790 |
Property Taxes
Parcel Number
17-3N-23-2490-0174-0010
Land Assessment
$419,120
Improvements Assessment
$490,670
Total Assessment
$909,790
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297 W James Lee Blvd
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