2.29 Acres Highway 98, Santa Rosa Beach, FL 32459

$2,395,000

Property Description

ENTITLED 100-Key HOTEL SITE on an extremely PRIME 2.29 Acres of 100% UPLANDS containing an astounding ~328' along Highway 98, which is located in one of Florida's fastest growing markets! This coveted site is part of the approved, master-planned Sandbar community's commercial plat, the ''front door'' to a 30+ acre community, convenient in proximity and connectivity to Scenic 30A without having to cross Highway 98! The strategic location will benefit not only from high visibility captured by the approximate 40,000+ vehicles passing the site daily along Highway 98, but also the synergy with the mixed-uses surrounding the exceptional parcel, all economically fueled by the phenomenal growth that is occurring in Santa Rosa Beach and Scenic 30A, Florida. The superb quality of this... offering is an extremely rare opportunity in the local real estate market. The uploaded illustration reveals the subject land as "Lot 4", which is entitled for 100-keys of hotel rooms; totaling 56,000 SF of entitled intensity. The development of this parcel should be more cost-effective, as the topographic grade is favorable, and the existing entitlements should allow for a dramatic advancement to reach fruition for vertical construction. Additional contiguous upland land may be available should a buyer require a larger parcel. Please inquire for further details.

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Listing courtesy of Somers & Company.

Vendor Member Number : 28166