Land Available For Sale @ 1049 Patriot Lane

REDUCED! 7.33 Acre site consisting of two parcels in rapidly growing Crestview Florida. The northern 6 acre parcel is zoned High Density Residential while the southern 1.33 acre parcel is currently for 4 units per acre. This site is approved for up to 137 units of Multi-Family Housing or similar uses and is conveniently located minutes from new schools, the North Okaloosa Medical Center, shopping and several local military bases. Pinnacle Point, a 150 unit multi-family complex, adjoins this property to the north. Pinnacle Point has a occupancy rate of 95.6% with average rents of $.88 to $.91 per sf (data from Co-star). Please see attached detailed demographics, market report, survey and information on the adjoining project.