3375 Highway 97Cantonment, FL 32533

Property Details for 3375 Highway 97

Year built

1998

Construction

TYPE NOT SPECIFIED

Lot size

13.00 AC

Property size (Sq ft)

6,176 SF

Zone code

HC/LI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

36-1N-31-3101-000-013

APU

361N313101000013

Description

This exceptional 13.038-acre commercial and industrial property in Escambia County, Florida, presents a remarkable investment opportunity. Located at 3375 S Hwy 97, Cantonment, FL 32533, near Nine Mile Road, this fee-simple land boasts 393 feet of paved road frontage and ample space for semi-truck maneuvering. Currently zoned Heavy Commercial/Light Industrial (HC/LI), the property allows for up to 25 dwellings per acre, opening doors to diverse development possibilities. Existing improvements include a 5,000 sq ft, two-story shop with four 16x14 drive-through doors and 3,000 sq ft of office space (2000 sq ft downstairs, 1000 sq ft upstairs), offering immediate income potential. A 30x40 red iron barn with power and its own fenced area adds further utility. The property features a fully fenced perimeter, a private driveway, central heating and air conditioning in the office spaces, and ample parking. Single-phase power is available, with the option for three-phase power. The property's versatility allows for commercial, light industrial, retail, recreation, and entertainment uses, making it ideal for developers seeking high-density projects. The asking price is $2,200,000, with a price per acre of $152,905.20. APN: 361N3131010000013. Future land use is designated as Mixed Use Suburban (MU-S).

• CAP approach

  CAP return

  Valuation

  6%

  $1,229,573

  6.5%

  $1,134,991

  7%

  $1,053,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,053,369

  Geo Method

  $1,106,411

• Alternative Use

  Use

  Valuation

  Residential

  $957,407

  Hospitality

  $876,980

  Educational

  $729,637

  Medical

  $754,730

  Retail

  $1,134,991

Location Insight

City

Cantonment

County

Escambia

State

Florida

Latitude

30.551

Longitude

-87.3397

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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