For Sale
$539,000

0 Spencer Field RdPace, FL 32571

Prime Commercial Land, HCD Zoning

Overview

Added:
Dec 11, 2024
Days on market:
114
This 5.85-acre parcel, located at the northeast corner of N. Spencer Field Road and W. Spencer Field Road in Pace, Florida (zip code 32571), is offered for sale at $539,000. The property, consisting of two contiguous parcels (APN: 34-2N-29-0000-00626-0000 and 34-2N-29-0000-00625-0000), is currently vacant and uncleared. It's situated north of the Spencer Naval Outlying Field and has been recently rezoned to Highway Commercial Development (HCD) by the Milton Zoning Board and the Santa Rosa County Board of County Commissioners. HCD zoning allows for a wide range of commercial uses, including retail, restaurants, hotels, and more, in locations near major transportation corridors. The seller will consider a long-term land lease and/or a first mortgage up to 50% of the purchase price. This corner lot offers excellent visibility and accessibility. Prospective buyers should conduct thorough due diligence regarding local regulations and market conditions before planning any development. The property will not be subdivided.

Highlights

  • Parcel 1 and Parcel 2 are now zoned Highway Commercial Development (HCD), offering diverse commercial opportunities.
  • HCD zoning allows various commercial uses near major transportation corridors, typically in areas with high residential and commercial density.
  • Potential uses include retail, restaurants, hotels, gas stations, convenience stores, and entertainment venues.
  • The property's location provides high visibility and accessibility for attracting customers and creating a vibrant commercial hub.
  • Developers must comply with HCD zoning regulations and conduct thorough due diligence before starting projects.
  • A comprehensive business plan with strategic investments in infrastructure, design, and marketing is crucial for success.

Property Details for 0 Spencer Field Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
254,826 SF

Location Insight

City
Pace
County
Santa Rosa
State
Florida
Latitude
30.632798677838
Longitude
-87.148001098834
Spencer Field Rd, Pace, Florida

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0 Spencer Field Rd
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