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5162 Highway 90
Pace, FL 32571
Ground lease in Pea Ridge · Land For Sale
·
2.39 AC
INVESTMENT HIGHLIGHTS
- Excellent visibility from Highway 90
- Stormwater and curb cuts provided
- Ideal for restaurant or other retail uses
EXECUTIVE SUMMARY
Retail lot with Highway 90 frontage available for sale or ground lease in the Pea Ridge area of Pace, Florida. Located next to a future Foosackly's, one of the area's top grossing QSRs per unit, the Highway 90 corridor has seen tremendous growth in the past few years, including the addition of notable users such as ALDI, Wendy’s, Buffalo Wild Wings, Chipotle, Discount Tire, Sonny’s BBQ, IHOP, and Pace Freestanding Emergency Room facility. The new Pea Ridge Connector, located ¼ mile east of the site, is now open to traffic and provides a much more direct route to parts of northern Pace. The site benefits from side street access at Evelyn Street, where existing turn lanes along Highway 90 are already in place. HCD zoning allows for a large number of uses and is ideally suited for restaurant, retail, or other service-related uses. Site to be delivered graded, with access drives and stormwater in place.
Also available for ground lease at $65,000 per year.
Also available for ground lease at $65,000 per year.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 2.39 AC |
| Zoning | HCD - Highway Commercial Development | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.39 AC |
| Zoning | HCD - Highway Commercial Development |
1 LOT AVAILABLE
Lot
| Price | $850,000 | Lot Size | 0.93 AC |
| Price Per AC | $916,485.53 |
| Price | $850,000 |
| Price Per AC | $916,485.53 |
| Lot Size | 0.93 AC |
Lot is ±101 x ±400’ (±40,400 SF)
DESCRIPTION
The site benefits from side street access at Evelyn Street, where existing turn lanes along Highway 90 are already in place. HCD zoning allows for a large number of uses and is ideally suited for restaurant, retail, or other service-related uses. Site to be delivered graded, with access drives and stormwater in place.
PROPERTY TAXES
| Parcel Number | 12-1N-29-0000-02000-0000 | Improvements Assessment | $0 |
| Land Assessment | $845,000 | Total Assessment | $845,000 |
PROPERTY TAXES
Parcel Number
12-1N-29-0000-02000-0000
Land Assessment
$845,000
Improvements Assessment
$0
Total Assessment
$845,000
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