4050 Ferdon Boulevard, Crestview, FL 32536 (MLS# 584678)

4050 Ferdon Boulevard, Crestview, FL 32536

$2,600,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 457,816 Status: Sold

Current Price: $2,600,000 List Date: 9/30/2012 Last Modified: 10/11/2024

Overview

Description

Bank-Owned Hotel & RV Travel Park PRICED TO SELL RAPIDLY! This property offers excellent redevelopment potential in central Okaloosa County, Florida, which is experiencing robust growth due to the influx of numerous military personnel and their families. Located on the west side of Highway 85 (South Ferdon Blvd.) approximately one-quarter mile South from Interstate 10, this site is excellently positioned to service the 7th Special Forces Group and Duke Field. The parcel?s size and accessibility allow for substantially reduced development costs and increased density and intensity of potential usage. With C-1 commercial zoning, an enterprising buyer will have a great opportunity for return on their investment, especially at this price. The immediate area is comprised of restaurants,

Supplements: motels, big box retail stores, and numerous smaller businesses. The site is in close proximity to a public hospital and major medical facilities. Nearby recreational opportunities include golfing and numerous outdoor activities at Blackwater State Park. The site is within 30 minutes of easy driving distance to the beautiful beaches of the Gulf of M ... (Read more)

Listing Details MLS# 584678

Status Change Info

Under Contract Date: 2013-02-15
Sold Date: 2013-03-28

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 25 - Crestview Area
Street #: 4050
Street Name: Ferdon
Street Suffix: Boulevard
State: FL
Zip Code: 32536
County: Okaloosa
Parcel ID: 32-3N-23-0000-0042-0000

General Property Info

Vacant: No
Immediate Occupancy: Yes
Acreage: 10.51
Lot SqFt: 456500
Lot Depth: 1100
Zoning: COMMERCIAL C-1
Future Land Use: COMMERCIAL MIXED USE

Location, Tax and Legal

Sub Area: 2502 - Crestview Southwest
Property Name: RODEWAY INN & RV TRAVEL PARK O

More Information

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: Bank-Owned Hotel & RV Travel Park PRICED TO SELL RAPIDLY! This property offers excellent redevelopment potential in central Okaloosa County, Florida, which is experiencing robust growth due to the influx of numerous military personnel and their families. Located on the west side of Highway 85 (South Ferdon Blvd.) approximately one-quarter mile South from Interstate 10, this site is excellently positioned to service the 7th Special Forces Group and Duke Field. The parcel?s size and accessibility allow for substantially reduced development costs and increased density and intensity of potential usage. With C-1 commercial zoning, an enterprising buyer will have a great opportunity for return on their investment, especially at this price. The immediate area is comprised of restaurants,

Sale Type

Real Estate Owned: Yes

Class

Hotel/Motel: Yes

Construction Status

Existing: Yes

Hotel/Motel

Year Built: 1975
Building SqFt: 52710
# of Rooms: 118
# of Floors: 2

Property Features

Class: Hotel/Motel Construction Status: Existing Sale Type: Real Estate Owned

Listing Office: Somers & Company

Last Updated: October - 11 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.