Foreclosure – U.S. 98 Commercial Land

Property Description

BANK OWNED: Check out this prime location on the South Side of 98 in Santa Rosa Beach Florida between Destin and Panama City Beach. Great location across the street from the Publix Supermarket and just a few miles west of Walmart. The combined parcels are approx. 32.69 acres. These three commercial lots are being sold together. The combined frontage along the south side of US 98 is approx. 2,650 linear feet. The eastern track which is shown as a triangular-shaped parcel is approx. 6.14 acres.

The western tract is a rectangular-shaped parcel of approx. 26.55 acres. About 14.9 acres of the western tract is encumbered with a conservation easement. This conservation easement grants the property owners the right to fill 7.4 acres of wetlands. The FDEP permit was recently renewed through Sept. 13, 2014. However, the U.S. Army Corps of Engineers permit has lapsed, which will require the U.S. Army Corps to review the permitting for the use of fill on the 7.4 acres. The previous permit was for a 160,000 square foot office park. All dimensions and information should be verified by the buyer.

For more information, call Christina Meinen at 850.974.9704 or Andy Meinen at 850.419.4777.  Andy and Christina are Realtors, who specialize in listing and selling real estate along 30A, Destin and Sandestin, as well as Seacrest Beach, Rosemary Beach, Alys Beach, WaterColor and WaterSound.