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34 Meigs Dr 0.55 Acres of Commercial Land Offered at $585,000 in Shalimar, FL 32579
Executive Summary
Zoned Suburban Residential with multi-family development potential for fourplex construction. Fully Rented -Duplex with 2-bedroom, 2 full-bath units with spectacular views of Lake Vivian/Lake Clyde, the Choctawhatchee Bay, and Okaloosa Island on the horizon. New Roof completed in 2018. Unit A has a large screened-in porch with spectacular views of the lake. Unit A was completely remodeled in 2018, right down to the studs, with upgraded flooring, walls, updated appliances, new fixtures, and a newly replaced HVAC in 2017.Unit B features remodeled bathrooms, including an easy-access walk-in shower. Additional improvements include a new oven (2016), new water heater (2021), new HVAC system (July 2022), updated appliances, and LVP new flooring. A new 150-foot sewer line was installed on 4/2023. The County completed a project that elevated Meigs Drive in front of the property to improve drainage. Buyer to verify all measurements.
Property Facts
| Price | $585,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.55 AC |
| Price | $585,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.55 AC |
1 Lot Available
Lot
| Price | $585,000 | Lot Size | 0.55 AC |
| Price Per AC | $1,063,636.36 |
| Price | $585,000 |
| Price Per AC | $1,063,636.36 |
| Lot Size | 0.55 AC |
Description
Current duplex being sold for land value with ability to redevelop to 4 units
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
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34 Meigs Dr
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