5020 Arena Road, Crestview, FL

$10,900,000

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19.75

Acres

Description of 5020 Arena Road

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.

Legal Description

NE1/4 EXC PART SOLD

Features of 5020 Arena Road

MLS® # 991549
Price $10,900,000
Acres 19.75
Type Agriculture
Sub-Type Agriculture
Status Active

Community Information

Address 5020 Arena Road
Area 25 - Crestview Area
Subdivision NA
City Crestview
County Okaloosa
State FL
Zip Code 32536

Amenities

Utilities Electric, Private Well, Septic Tank

Exterior

Lot Description Level

School Information

Elementary Northwood
Middle Shoal River
High Crestview

Additional Information

Zoning Agriculture, Horses Allowed

Listing Details

OfficeScenic Sotheby's International Realty

For more information call

(850) 325-0004

Listing Map

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