5020 Arena Road
Crestview, FL 32536
$10,900,000
Active
Description
Prime 19.75-Acre Development Opportunity
Strategically positioned just off the upcoming FDOT interchange connecting I-10, Hwy 85, Antioch Rd., and PJ Adams, this high-and-dry parcel offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Hwy 90 to I-10, unlocking major traffic flow and long-term growth.
Currently operated as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Located near the new hospital site, this property sits in the heart of a rapidly expanding medical and commercial hub—ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. A rare chance to secure nearly 20 acres in a booming growth path.
Listing details MLS# 991549
Location, Tax and Legal
- Area
- 25 - Crestview Area
- Sub area
- 2502 - Crestview Southwest
- Subdivision
- NA
- County
- Okaloosa
- Parcel ID
- 25-3N-24-0000-0002-0000
- Legal description
- NE1/4 EXC PART SOLD
- Zoning
- Agriculture, Horses Allowed
General Property Info
- Property type
- Land
- Acreage
- 19.75
- Lot size (sq ft)
- 860310
- Lot dimensions
- 1530 x 1350 x 902 x 241
Exterior and Site
- Road frontage
- County Road
Utilities
- Utilities
- Electric
- Water source
- Private Well
- Sewer
- Septic Tank
Schools
- Elementary
- Northwood
- Middle school
- Shoal River
- High school
- Crestview
Remarks and Misc
- Directions
- Starting on SR-85 North toward Crestview, turn left onto PJ Adams Pkwy. In 3 miles, turn right onto Arena Rd. Continue on for 1.2 miles then turn left and the destination will be on your right in 500ft.
