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Miller Middle School 101 S Prospect St 85,678 SF Flex Building Crescent City, FL 32112 $5,974,538 CAD ($69.73 CAD/SF)
INVESTMENT HIGHLIGHTS
- Waterfront access with 350 feet on Crescent Lake
- Nine buildings including gymnasium, auditorium, and cafeteria
- Zoned PF-1 with potential for multifamily or institutional use
- 12.74-acre site with city utilities and natural gas
- Basement with overhead sprinklers in original school building
- Centrally located between Palatka and Volusia County
EXECUTIVE SUMMARY
An exceptional redevelopment opportunity awaits at 101 S. Prospect Street in Crescent City, Florida. This expansive 12.74-acre site, formerly home to a middle school, offers a rare combination of scale, location, and waterfront access. With approximately 350 feet of frontage on Crescent Lake across the southern 5 acres, the property presents a compelling canvas for residential, institutional, or mixed-use transformation. The campus includes nine buildings constructed between 1920 and 1976, totaling over 85,000 square feet. Notable features include a gymnasium, auditorium, and a 2005-built cafeteria equipped with a walk-in cooler and freezer. The original school building includes a basement with overhead sprinklers on both levels, and the site is fully serviced by city water, sewer, and natural gas. Strategically located in the heart of Crescent City, the property benefits from proximity to Palatka to the north and Volusia County to the south, offering access to regional population centers and infrastructure. With PF-1 zoning currently in place, the site is primed for rezoning to support multifamily housing, assisted living, or administrative facilities—making it ideal for developers seeking to capitalize on Florida’s growing demand for residential and senior living options.
Whether repurposing existing structures or pursuing new construction, this property offers unmatched flexibility and scale in a serene lakeside setting.
Whether repurposing existing structures or pursuing new construction, this property offers unmatched flexibility and scale in a serene lakeside setting.
PROPERTY FACTS
| Price | $5,974,538 CAD | Lot Size | 12.74 AC |
| Price Per SF | $69.73 CAD | Rentable Building Area | 85,678 SF |
| Sale Type | Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1920 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | PF-1 - Public Facilities District - Building and Grounds, by the City of Crescent City | ||
| Price | $5,974,538 CAD |
| Price Per SF | $69.73 CAD |
| Sale Type | Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 12.74 AC |
| Rentable Building Area | 85,678 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | PF-1 - Public Facilities District - Building and Grounds, by the City of Crescent City |
AMENITIES
- Fenced Lot
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,460,741 CAD (2024) | |
| Land Assessment | $1,038,331 CAD (2024) | Total Assessment | $7,499,072 CAD (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,038,331 CAD (2024)
Improvements Assessment
$6,460,741 CAD (2024)
Total Assessment
$7,499,072 CAD (2024)
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Miller Middle School | 101 S Prospect St
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