338 W Highway 388, Southport, FL 32409

$3,000,000
Property Type: Commercial Land Lot Size (sq. ft.): 4,530,240 Status: Sold
Current Price: $3,500,000 List Date: 5/11/2021 Last Modified: 10/08/2024

Description

This is one of the few large parcels available in the W Hwy 388 Airport corridor between SR 77 and SR 79. The site is comprised of Three parcels, (Tax ID #’s 07598-000-000, 07598-001-000 and 26598-000-000) totaling approximately 104 acres. The site has over 2,640 ft. of road frontage on North Side of Hwy 388, approximately 2,000 feet of road frontage on South side. This portion of Hwy 388 is part of the West Bay Parkway Project (FDOT Project Number 424464-7) including 4-lane and road modifications to connect W Hwy 388 with E Hwy 388. Much of the property is cleared. The intent of this project is to widen and realign approximately six miles of SR 388 and east of Burnt Mill Creek to SR 77. The existing two-lane roadway will be reconstructed as a four-lane divided roadway and will in

Supplements: and will include a 12-foot shared-use path along the south side of the roadway. The eastern 1.5 miles of the project will realign SR 388 northward to intersect with SR 77 at CR 388 and a cul-de-sac will be constructed on existing SR 388 approximately 1 mile west of the existing SR 388 intersection at SR 77 and Edwards Road. Right-of-way and construction are not funded in the current FDOT Five-Year Work Program. The property is also surrounded by the West Bay Sector Plan adopted in May 2015. The West Bay Sector Plan, which remains one of the largest and most comprehensive land use plans in the state, encompasses approximately 75,000 acres and includes the Northwest Florida Beaches International Airport, preservation areas as well as opportunities for residential, commercial and light industrial land uses. This property is primarily zoned Agricultural-Timberland under current county planning, Elevations are 46-50 ft above sea level (see attached county topo); Portions of the property include Forested Shrub Wetlands (map attached);

More Information MLS# 711416

Contract Info

List Price/Acre: 33653.85 List Type: Exclusive Right of Sale List Date: 2021-05-07 List Price: $3,500,000 Current Price: $3,000,000 Sub-Type: Vacant Land

Location, Tax & Legal

Sub Area: 0411 – Bay North – West Bay Community/Resort: None Waterfront: No Section: 7 Range: 14W Elementary School: Southport Middle School: Deane Bozeman High School: Deane Bozeman Directions: From Intersection of SR 77 and Mosley Drive: Head north on SR 77 8.3 miles to HWY 388. Turn left (west) towards Northwest Florida Beaches International Airport. Continue 1.7 miles to property 338 Hwy 388. HOA Fee: No Street #: 338 Street Direction: W Street Name: Highway 388 State: FL Zip Code: 32409 County: Bay Area: 04 – Bay County – North Subdivision: No Named Subdivision Parcel ID: 07598-000-000 Legal Description: 7 2S 14W -4- BEG SE COR OF SW1/4 OF SW1/4 OF SEC TH N 840′ W 520′ S 840 E 520′ TO POB LESS SR R/W ORB 3637 P 2117

General Property Info

Acreage: 104 Lot Size (SqFt): 4530240 Frontage Feet: 2640 Is Subject Leased: No

Remarks & Misc

Remarks: This is one of the few large parcels available in the W Hwy 388 Airport corridor between SR 77 and SR 79. The site is comprised of Three parcels, (Tax ID #’s 07598-000-000, 07598-001-000 and 26598-000-000) totaling approximately 104 acres. The site has over 2,640 ft. of road frontage on North Side of Hwy 388, approximately 2,000 feet of road frontage on South side. This portion of Hwy 388 is part of the West Bay Parkway Project (FDOT Project Number 424464-7) including 4-lane and road modifications to connect W Hwy 388 with E Hwy 388. Much of the property is cleared. The intent of this project is to widen and realign approximately six miles of SR 388 and east of Burnt Mill Creek to SR 77. The existing two-lane roadway will be reconstructed as a four-lane divided roadway and will in

Status Change Info

Sold Price/Acre: 28846.15 Status: Sold Under Contract Date: 2022-09-06 Sold Date: 2023-03-08 Sold Price: $3,000,000

Financing

Cash: 1 Conventional: 1

Lot Features

Aerials/Topo Available: 1 Raw Acreage: 1 Wooded: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Present Zoning

Agriculture: 1 Other – See Remarks: 1

Utilities

TV Cable: 1 Electricity – Connected: 1 Electricity – Availabile: 1 Phone – Connected: 1 Private Well – Needed: 1 Septic – Needed: 1

TransportationAccess

2 – Lane: 1 County Road: 1 Near Airport: 1 Paved: 1 Other – See Remarks: 1

Property Features

TransportationAccess: 2 – Lane; County Road; Near Airport; Paved; Other – See Remarks Financing: Cash; Conventional Lot Features: Aerials/Topo Available; Raw Acreage; Wooded Utilities: Electricity – Connected; Electricity – Availabile; Phone – Connected; Private Well – Needed; Septic – Needed; TV Cable Present Zoning: Agriculture; Other – See Remarks
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: October – 08 – 2024
Information deemed reliable but not guaranteed.