4869 Retta Lane

Description

UPDATE: Texas Roadhouse new Site has COMPLETED DUE EAST - THE ENERGY IS MOVING WEST TOWARD SUBJECT PARCEL. This property has been annexed and accepted into the City of Crestview. ***ZONING AND FLU ADJUDICATION WITHHELD - MEANING A NEW OWNER / BUYER MAY SELECT FROM MIXED USE OR COMMERCIAL*** CURRENTLY MIXED USE ZONING AND FLU for maximum flexibility with 2.0 FAR + 25 UNITS / ACRE DENSITY. Contact listing broker for Details. Retta Lane in process of receiving ROW INCREASE TO COMMERCIAL WIDTH - once this occurs, thus joining North into the 'New Road' under construction due north 1,500' the value will increase greatly. POTENTIAL FOR ON SITE DRAINAGE / MANAGEMENT, OR FILL FOR HIGHER DENSITY. Previous Feasibility Study reflects RV Park capable of 140+ sites. ....DUE TO NATURAL ELEVATION OF THE LAND, COMMERCIAL SIGNAGE COULD PROVIDE ONE OF THE HIGHEST VISIBILITY SITES TO CAPTURE ATTENTION OF 50,000+ DAILY COMMUTERS. ADJACENT SYNERGY; THE SITE IS NESTLED JUST BEYOND THE "CRESTVIEW COMMONS" A MAJOR COMMERCIAL PLAZA WITH NATIONAL RETAIL TENANTS. THE SITE IS APPROXIMATELY 2,500' DUE WEST OF EXISTING LOWE'S SUPER CENTER AND 3,500' DUE WEST OF NEWLY OPENED TEXAS ROADHOUSE SITE (2.37 ACRES, SOLD AT $1.6MM 2021); AND DOLLAR GENERAL, APPLEBEES, BURGER KING, WAL MART, CHICK-FIL-A, CRACKER BARREL, THE LIST GOES ON. FUTURE IMPLICATIONS; PUBLIC INFORMATION REFLECTS CITY OF CRESTVIEW PLANS TO EXPAND PUBLIC RECREATION PARK / SPORTS AREA IN VICINITY OF THE SITE (SPECIFICALLY ~2,500' DUE WEST OF THE SITE), FURTHER INCREASING PUBLIC / CUSTOMER VISIBILITY. SEVERAL NEAR / ADJACENT SITE PROJECTS ARE IN PLANNING AND APPROVAL PROCESSES AND THUS HAVE NOT YET BROKEN GROUND, TO INCLUDE HOTEL AND MULTI FAMILY. THE SITE CURRENTLY HAS FUNCTIONING WELL WATER AND SEPTIC, IN GROUND CEMENT POOL, (3) SPRING-FED PONDS PREVIOUSLY STOCKED, STORAGE BARN/WAREHOUSE SPACE, AND VINTAGE 1980 LOG CABIN FEATURING 2 BEDROOMS 2 BATHS AND HIGHLY UPDATED INTERIOR/SYSTEMS. *****THIS PROPERTY IS A MUST SEE; YOU CAN LITERALLY "FEEL" THE GROWTH OF THE CITY PUSHING FROM ALL SIDES. ******NEAREST SEWER CONNECTION IN VICINITY OF LOWES; HOWEVER, THE UNDER CONSTRUCTION CITY ARTERIAL ROAD DUE NORTH WILL BE EVEN CLOSER FOR LOWER CONNECTION FEES. ******LAND VALUE OF SITE EXPECTED VALUATION AT 2-3X MULTIPLE IN 5 YEARS TIME BASED ON CURRENT RATES