352 James Lee BlvdCrestview, FL 32536

Property Details for 352 James Lee Blvd

Year built

1957

Construction

STEEL FRAME

Lot size

1.63 AC

Property size (Sq ft)

5,385 SF

Property type

Retail properties

Property subtype

Auto shops

APN

18-3N-23-0000-0018-0000

APU

183N23000000180000

Description

This exceptional 15,310-square-foot retail center in Crestview, Florida, offers a prime opportunity for businesses seeking high-visibility locations. Located at 352 W James Lee Blvd, near the intersection of Hwy 85 and Hwy 90 (experiencing approximately 45,000 vehicles daily), this Class A property boasts three new buildings totaling 15,310 square feet, built in 2024, and situated on 4.2 acres of land. The property features ample parking with 164 spaces and is zoned C-2. Building A offers a maximum contiguous space of 11,200 square feet, easily adaptable for retail or restaurant use, with a minimum divisible space of 1,430 square feet. Building B, a renovated 2,860-square-foot structure, will be divided into two approximately 1,430-square-foot units, directly facing Hwy 90. Building C is a ready-to-occupy pad site (up to 1,250 square feet) ideal for a quick-service restaurant or coffee shop, complete with a drive-through lane and utilities. The property benefits from three-phase power, but lacks elevators. Property taxes are $0.60 per square foot. This development is part of a larger center anchored by Tractor Supply and includes other established businesses such as Pic N Save, Dollar General, and more, ensuring high foot traffic and visibility. The property is conveniently located to serve Crestview and surrounding communities like Baker, Milligan, Holt, and Laurel Hill. All 15,310 square feet are currently vacant and available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,072,094

  6.5%

  $989,625

  7%

  $918,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $918,458

  Geo Method

  $964,706

• Alternative Use

  Use

  Valuation

  Residential

  $834,786

  Hospitality

  $764,659

  Educational

  $636,188

  Medical

  $658,067

  Retail

  $989,625

Location Insight

City

Crestview

County

Okaloosa

State

Florida

Latitude

30.7638

Longitude

-86.5785

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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