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4840 Ferdon Blvd S - Redevelopment Site south of I-10 6.69 Acres of Commercial Land Offered at $5,850,000 in Crestview, FL 32536
INVESTMENT HIGHLIGHTS
- Combined AADT of 60,300
- Median Cut on the North West Corner on Hwy 85/Riverwood Dr.
- One Mile South of I-10
- Contiguous Access from Riverwood Dr to PJ Adams
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,850,000 | Lot Size | 6.69 AC |
| Price Per AC | $874,439.46 |
| Price | $5,850,000 |
| Price Per AC | $874,439.46 |
| Lot Size | 6.69 AC |
+/-6.69 acres with 861' of road frontage on S. Ferdon. 3 points of Ingress/egress on Ferdon south bound, including a full median cut at the north west corner at S. Ferdon and Riverwood Dr.
DESCRIPTION
+/-6.69 Acres located at the intersection of Hwy 85 and PJ Adams with Lighted Hard Corner being anchored by Circle K. Crestview is the largest City in the FWB-Crestview-Destin Metro Statistical Area and is located One Mile South of I-10 with a combined traffic hit count of 60,300 at the intersection of (SR 85 & PJ Adams) of this C-2 zoned development site. 919th Special Operation Wing is located 6 miles South and Bob Sikes Airport is 7.5 miles North East. Located at the PJ Adams Pkwy Four Lane/New I-10 Interchange Project; opening ~300 acres within the City of Crestview for commercial economic development and 1,800 acres for residential development. Current AADT on PJ Adams is 18,300 and AADT on S. Ferdon Blvd (SR 85) is 42,000. Demographics within a 5 mile radius include a Total Population of 42,243 and an Average Household Income of $89,555.
PROPERTY TAXES
| Parcel Number | 32-3N-23-0000-0054-0000 | Improvements Assessment | $26,678 |
| Land Assessment | $865,559 | Total Assessment | $892,237 |
PROPERTY TAXES
Presented by
4840 Ferdon Blvd S - Redevelopment Site south of I-10
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