5020 Arena Road, Crestview, FL 32536 (MLS# 991550)

5020 Arena Road, Crestview, FL 32536

$10,900,000

Virtual Tour

https://bcove.video/3YEZag4

Property Type: Commercial for Sale Lot Size (sq. ft.): 860,310 Status: Active

Current Price: $10,900,000 List Date: 12/19/2025 Last Modified: 1/28/2026

Overview

Description

Prime 19.75-Acre Development Opportunity -Strategically positioned just off the upcoming FDOT interchange connecting I-10, Hwy 85, Antioch Rd., and PJ Adams, this high-and-dry parcel offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Hwy 90 to I-10, unlocking major traffic flow and long-term growth. Currently operated as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Located near the new hospital site, this property sits in the heart of a rapidly expanding medical and commercial hub—ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. A rare chance to secure nearly 20 acres in a booming growth path.

Listing Details MLS# 991550

Contract Info

GCCMLS Number: 99999999
Listing Board: Emerald Coast

Location Tax and Legal

Area: 25 - Crestview Area
Street #: 5020
Street Name: Arena
Street Suffix: Road
State: FL
Zip Code: 32536
County: Okaloosa
Parcel ID: 25-3N-24-0000-0002-0000

General Property Info

Listed on GCCMLS: No
Vacant: Yes
Immediate Occupancy: Yes
Acreage: 19.75

More Information

Location, Tax and Legal

Sub Area: 2502 - Crestview Southwest
Legal Description: NE1/4 EXC PART SOLD

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Prime 19.75-Acre Development Opportunity -Strategically positioned just off the upcoming FDOT interchange connecting I-10, Hwy 85, Antioch Rd., and PJ Adams, this high-and-dry parcel offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Hwy 90 to I-10, unlocking major traffic flow and long-term growth. Currently operated as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Located near the new hospital site, this property sits in the heart of a rapidly expanding medical and commercial hub—ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. A rare chance to secure nearly 20 acres in a booming growth path.

Class

Land: Yes

Construction Status

N/A: Yes

Property Features

Class: Land Construction Status: N/A

Listing Office: Scenic Sotheby's International Realty

Last Updated: January - 28 - 2026

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.