Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
One of the larger parcels of land in the heart of Destin. This 9.51+/- acre parcel is located on north side of Hwy. 98 across from the Gulf of Mexico near shopping, restaurants, amusement parks, and Henderson State Park. Parcel is zoned ''Commercial General'' with an allowable 40 units per acre for total of 389 units. The City of Destin has 3 Tiers of Development based on architectural, amenities, etc. Tier 1 allows 50' height or 4 stories. Tier 2 allows 130' height or 12 stories. Perfect for multi-family, condominium development, hotel/motel, or possible retail development. Retail based on floor area ratio 1.30 maximum. The City of Destin is considering a new Comprehensive Plan which would change the Future Land Use to Town Center Mixed Use. Property sold for $16M in 2004.
Features & Amenities
Interior
Area & Lot
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Lot Size(acres)
9.51
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Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
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Sales Price
$2,500,000
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Zoning
Commercial Gen.
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Location
County
Okaloosa
Elementary School
Middle School
High School
Listing Courtesy of Bobby Parish , RE/MAX Southern Realty
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30A Luxury Group
EXP LUXURYGROUP 30A
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