US 231 159.11 Acres of Commercial Land Offered at $7,075,500 CAD in Cottondale, FL 32431

Alford Park offers a premier mixed-use development opportunity strategically positioned along Highway 231 in Jackson County, Florida. Spanning 159.11 contiguous acres, the property is fully entitled and engineered to accommodate approximately 430 residential lots complemented by 14 acres of commercial frontage. With Phase 1 engineering complete for 110 lots, this project provides a near-term path to lot delivery, minimizing pre-development risk and accelerating time-to-market for builders.
This location presents significant upside through the creation of a retail village anchored by grocery and essential services, enhancing both neighborhood convenience and long-term land value. Positioned as one of the largest institutional-level residential developments in the Florida Panhandle, the project draws demand from Panama City commuters, Dothan’s workforce, and Florida retirees. With Century Complete already active in the submarket, the offering benefits from proven builder validation and strong buyer interest for new housing priced well below Florida metro averages.
Exceptional highway visibility, regional connectivity to Marianna, Panama City, and Tallahassee, and an undersupplied housing market collectively establish Alford Park as a scalable investment platform. Retail and residential submarkets signal enduring demand for affordable homes priced from the low $200Ks, offering institutional-grade developers a unique foothold in a growing corridor.