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2604 Highway 98 - 2 Tourist Commercial Lots Hwy 98 Mexico Beach 0.34 Acres of Commercial Land Offered at $1,284,108 CAD in Mexico Beach, FL 32456
Investment Highlights
- **Prime Location**: Two "TOURIST COMMERCIAL" lots fronting US Hwy 98 in Mexico Beach, FL.
- **Proximity to Beach**: Less than 500 feet from the sugar-white sands and Gulf of Mexico.
- **Community Integration**: Opportunity to create spaces that align with low-intensity, tourist-oriented activities.
- **Dimensions**: 200 feet of frontage on Hwy 98; 75 feet deep on 26th St and 27th St, totaling 350 feet of road frontage.
- **Development Potential**: Allows for construction of beachfront residences, a four-plex, or a commercial structure per local guidelines.
- **Survey Available**: Confirmation of property details can be provided.
Executive Summary
OFFERS: To be accompanied by PQ or POF - TITLE AGENT: Kristy Branch Banks, PA 171 Hwy. 98 Eastpoint, FL 32328 info@kbblawfl.com 850-670-1255 - DISCLOSURES: See documents attached to the listing, including survey. (Note the seller marked there was no natural gas service on the VLDS; however, there was a meter at 2604 Hwy 98 before Hurricane Michael. Also note, the lots measure 200 front feet on Hwy 98 and 75 feet deep on both 26th St and 27th St, for a complete total of 350 feet of road frontage.) The property is also listed in primary MLS FCRA as commercial vacant land with MLS# 325239 and under residential vacant land w/MLS #325168. Its HABU is TCOM (Tourist Commercial). See attachments for information on zoning and land use. Mexico Beach Code Library link: https://codelibrary.amlegal.com/codes/mexicobeach/latest/overview (NOTE: Possible short-term seller financing available w/min 400k down. Inquire for details. One month-to-month ground lease tenant is on site on the left lot: a food truck/trailer. Please do not bother tenant or impede business and park off 26th St. when showing.)
Property Facts
1 Lot Available
Lot 5 & 6
| Price | $1,284,108 CAD | Lot Size | 0.34 AC |
| Price Per AC | $3,776,789.29 CAD |
| Price | $1,284,108 CAD |
| Price Per AC | $3,776,789.29 CAD |
| Lot Size | 0.34 AC |
Two lots each .17 acres for a total of .34 acres 200 feet of frontage on Hwy 98 75 feet of frontage on 26th St. 75 feet of frontage on 27th St. MEXICO BEACH UNIT 4 LOT 5 BLK B ORB 4294 P 79 & MEXICO BEACH UNIT 4 235C2 LOT 6 BLK B ORB 4935 P 252
Description
Two Tourist Commercial Lots off Hwy 98 - Mexico Beach Immerse yourself in the unparalleled charm of Old Florida living with these two exceptional X-FLOOD ZONE "TOURIST COMMERCIAL" designated lots (2604 Hwy 98 & 101 N. 26th St) fronting US Hwy 98 in Mexico Beach, Florida – a hidden gem along North Florida's Gulf Coast. Boasting a prime location, these two "TOURIST COMMERCIAL" lots, measuring 200 front feet on Hwy 98 and 75 feet deep on both 26th St and 27th St, for a total of 350 feet of road frontage. Located less than 500 feet from the sugar-white sands of Mexico Beach and the Gulf of Mexico, these two lots offer a rare opportunity to enhance and embrace coastal life in Mexico Beach. This strategically located property provides the flexibility to construct new beachfront residences, a four-plex, or a tourist commercial structure in line with Mexico Beach Land Development Code's guidelines. Envision creating a space that seamlessly integrates with the tranquil surroundings while capturing the essence of low-intensity, tourist-oriented, commercial activities that harmonize with the peace and serenity of the adjacent residential properties. This is not just a double lot; it's an invitation to shape a coastal haven that mirrors the allure of this unique Old Florida beach community. (NOTE: Possible short-term seller financing available w/min 400k down. Inquire for details. A month-to-month ground-lease tenant is on site on the left lot: a food truck/trailer. Please do not bother the tenant or impede business. Survey available.) Mexico Beach Code Library link: https://codelibrary.amlegal.com/codes/mexicobeach/latest/overview Investment Highlights: - Tourist Commercial Designation: The lots are designated as "TOURIST COMMERCIAL," providing diverse development possibilities in line with the Mexico Beach Land Development Code. - Generous Dimensions: Spanning 200 feet in length on Hwy 98 and 75 feet in depth on both 26th and 27th streets, the lots provide ample space for various construction options, from a new beach house or two to a fourplex or a tourist commercial structure or residential and business mix. - Strategic Frontage: Fronting Hwy 98 at 26th and 27th St., the property enjoys high visibility and accessibility, enhancing its commercial potential for tourist-oriented activities. - Development Flexibility: With the previous site hosting a lucrative duplex at 2604 Hwy 98, the lot is primed for redevelopment, offering a blank canvas for investors to create a new coastal haven. - Adherence to Guidelines: The Mexico Beach Land Development Code emphasizes low-intensity tourist-oriented commercial activities that complement the peace and tranquility of surrounding residential areas, ensuring a harmonious development approach. - Proven Income Potential: The former duplex on the site of 2604 Hwy 98 signifies the potential for a lucrative income stream through rental or commercial endeavors in this sought-after beach view location. - Unique Old Florida Charm: Capture the essence of Old Florida living, creating a space that reflects the charm and allure of this unique beach community while meeting modern development standards.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $476,396 CAD |
Property Taxes
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2604 Highway 98 - 2 Tourist Commercial Lots Hwy 98 Mexico Beach
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