297 W James Lee Blvd - Storefront Retail/Office FOR SALE


Crestview, FL 32536
$2,399,000 USD
850-240-6031
297 W James Lee Blvd, Crestview, FL for Sale
$2,399,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | Request Cap Rate

297 W James Lee Blvd
Crestview, FL 32536


HIGHLIGHTS

  • Prime location one block from the intersection of Highway 85 and Highway 90 in Crestview.
  • Approximately 2.5 acres with 22,000 square feet of existing building improvements.
  • Zoned Commercial C-1, allowing for a variety of commercial uses.
  • Located within the City’s CRA district, offering potential redevelopment incentives.
  • High traffic counts: 22,000 AADT on Highway 90 and 42,000 AADT on Highway 85.
  • Across from Tractor Supply Shopping Center and near other established retailers.

OVERVIEW

This property offers a rare opportunity to acquire a high-visibility commercial site in the heart of Crestview, Florida. Located just one block from the intersection of Highway 85 and Highway 90, the site benefits from exceptional traffic exposure, with an Average Annual Daily Traffic (AADT) count of 22,000 on Highway 90 and 42,000 on Highway 85. The property spans approximately 2.5 acres and includes about 22,000 square feet of existing structures, providing immediate utility and redevelopment potential. Zoned Commercial C-1, the site supports a wide range of commercial uses, including retail, office, hospitality, and service-oriented businesses. Positioned within the City’s Community Redevelopment Area (CRA) district and directly across from the Tractor Supply Shopping Center, the property is surrounded by established businesses and growing consumer demand. This location offers strong connectivity to major regional corridors and serves as a gateway to the Florida Panhandle’s expanding economic base.With its strategic location, flexible zoning, and significant frontage along W James Lee Blvd, this property is well-suited for investors, developers, and owner-users seeking a prominent position in one of Northwest Florida’s fastest-growing markets.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

Commercial

APN/PARCEL ID

17-3N-23-2490-0174-0010

ASK ABOUT THIS PROPERTY

James WattsJ Watts PropertiesMore Info
850-240-6031

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James WattsJ Watts PropertiesMore Info
850-240-6031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.