Remarks

Looking for an investment property with incredible future value? Look no further! This property is zoned C-3 commercial, has waterfront access to the bay AND full visibility from Hwy 79, just a mile south of Margaritaville. This property has been included in a large development site assemblage and has been contracted for over $1M twice within the past 4 years. The property has a mobile home that is being sold AS IS, that could support rents of $1600-1800/mo with some repairs and has a large shed with a separate power pole- also in need of a few repairs. Waterfront access to the bay will require some dredging, but canal has no state juristiction, Location is a short walk to Boondocks restaurant, the Intercoastal waterway and fishing pier under the Buchanan Bridge. Recent comps in the area support the current asking price based on commercial land value. Adjacent properties also available and ripe for commercial waterfront development! Mobile home is Tenant occupied until 12/31/24. Owner is Licensed Realtor.

Details

MLS#: 765510
Price: $649,000

Style: Land
Year Built: 1999

County: Bay
Subdivision: [no Recorded Subdiv]
Lot Size: irregular

School Elementary: West Bay
School Middle: Surfside
School High: Arnold