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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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