Commercial/Multi Family Development Opportunity

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Commercial/Multi Family Development Opportunity DeeDee Davis, SIOR MICP +1 850 433 0577 ddavis@naihalford.com 850. 430. 1503 Direct John Griffing, SIOR CRE +1 850 450 5126 jgriffi ng@naihalford.com 850. 287. 0117 Direct Ken Ellzey +1 850 748 5720 kellzey@naihalford.com 850. 430.1508 Direct NAI Halford 24 West Chase St. Pensacola, FL 32502 naihalford.com

Table of Contents Commercial / Multi-Family Development Opportunity 1 2 3 Property Details Area Overview Location

1Property Details Signature Commercial Multi Family Development Site.

Highly desirable location situated between Pensacola and Navarre, surrounded by mostly residential with sustainable and expanding commercial development along US HWY 98. There had been little residential development in the past couple of years, due to the lack of availablity of residential lands. The market and demographics are strong for development. Santa Rosa s desirability as a suburban community to the larger Pensacola and nearby Eglin Air Force base makes this location very desirable for residential use and commercial use in support of these residents. PUD Permitted Use 2. Permitted Uses: The uses permitted within this district shall include the following: a. Residential units, including single-family attached and detached dwelling, two-family dwellings, and multiple-family dwellings. b. Churches, schools, community or club buildings and similar public and semi-public facilities. c. Non-residential uses, including commercial or retail uses, (as secondary uses serving the development only) offices, clinics and professional uses. Tiger Point Golf Course 1255-A Country Club Road Gulf Breeze, FL. 32561 12.97 AC Former Driving Range PUD Zoning Low Density Multi Family- 10 units per ac max 566,178.469 sf Land Size 603 x 869 x 628 x 987 +/- Parcel Dimensions Development Opportunity Offered at $1,925,000 70 Frontage +/- Country Club Road 292S280000039000000 Parcel ID

2 Property Details Area Overview

Area Information The subject property is well located along a strong residential/commercial corridor situated east of Gulf Breeze Proper and west of Navarre. Land is bordered by Pensacola Bay & East Bay to the north and Santa Rosa Sound to the south. US HWY 98 is the primary eastwest artery. Located in the path of rapidly growing progress connecting heavily expanding Navarre to the east with Gulf Breeze to the west and beyond to Pensacola. Commercial businesses along the corridor are primarily residential support services. Typical businesses represented include retail, medical, office, fast food, dine in and self storage. Abutting the property to the west is Tiger Point Office Park. The development includes both professional and medical offices. Along the north side of the property are commercial sites including Sonic and a 13 unit retail strip center. To the east of the subject site is a 20 acre tract improved with a residential subdivision and a small church Flood Zone Based upon the FEMA Flood Map #12113CO569G, dated 12/9/2006 the majority of the subject site is within Flood Zone X, an area of minimal flood probability.

3Surrounding Area

Listing Offering Team Committed to Northwest Florida. Connected to the World. Established in 1983, NAI Halford, formerly The Halford Company was founded upon principles which served to set it apart then and continue to contribute in maintaining its preeminent position in Northwest Florida s Commercial Real Estate and Investment sector today. Why NAI Halford? The benefit of a managed network is a marriage of the best in class of the local offices and businesses that are entrepreneurial in spirit and innovative on behalf of our client. Whether developing a large scale project or finding the right office at the right price for a small business, our Realtors are committed to providing quality professional service. From commercial sales to property management, leasing and tenant representation, no other real estate company in this area has the scope of services and the depth of experience offered by NAI Halford. As the real estate market becomes increasingly more complex, the ability to be versatile gains importance. NAI Halford has developed a well-earned reputation for finding solutions for a variety of business needs. We have focused our growth and expansion on becoming an agency with an established network of specialists that help us to provide a wide assortment of quality services. Connectivity DeeDee Davis, SIOR, MICP Broker d: 850 430 1503 ddavis@naihalford.com Ken Ellzey Broker Associate d: 850 430 1508 kellzey@naihalford.com NAI Halford is northwest Florida s affiliate of NAI Global, a managed network of commercial real estate offices with 7,000 agents operating 400 offices in 55 countries worldwide. NAI Halford combines the power and expertise of NAI Global with the advantage of strong, long standing relationships in northwest Florida, securing our role as one of the most well respected full-service real estate organizations in the area. Our clients come to us for our deep local knowledge. They build their businesses on the power of our managed global network. NAI Halford 24 West Chase Street Suite 100 Pensacola, FL 32502 USA +1 850 433 0577 www.naihalford.com John Grifffi ng SIOR CRE Broker d: 850 287 0117 jgriffi ng@naihalford.com