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2604 Highway 98
Mexico Beach, FL 32456

$879,000 USD

Land For Sale • 0.34 AC

Property Details

Property Type Land
Lot Size 0.34 AC
Zoning TC

30 Transit Score

20 Walk Score

Description

Two Tourist Commercial Lots off Hwy 98 - Mexico Beach

Immerse yourself in the unparalleled charm of Old Florida living with these two exceptional X-FLOOD ZONE "TOURIST COMMERCIAL" designated lots (2604 Hwy 98 & 101 N. 26th St) fronting US Hwy 98 in Mexico Beach, Florida – a hidden gem along North Florida's Gulf Coast. Boasting a prime location, these two "TOURIST COMMERCIAL" lots, measuring 200 front feet on Hwy 98 and 75 feet deep on both 26th St and 27th St, for a total of 350 feet of road frontage. Located less than 500 feet from the sugar-white sands of Mexico Beach and the Gulf of Mexico, these two lots offer a rare opportunity to enhance and embrace coastal life in Mexico Beach. This strategically located property provides the flexibility to construct new beachfront residences, a four-plex, or a tourist commercial structure in line with Mexico Beach Land Development Code's guidelines. Envision creating a space that seamlessly integrates with the tranquil surroundings while capturing the essence of low-intensity, tourist-oriented, commercial activities that harmonize with the peace and serenity of the adjacent residential properties. This is not just a double lot; it's an invitation to shape a coastal haven that mirrors the allure of this unique Old Florida beach community. (NOTE: Possible short-term seller financing available w/min 400k down. Inquire for details. A month-to-month ground-lease tenant is on site on the left lot: a food truck/trailer. Please do not bother the tenant or impede business. Survey available.)

Mexico Beach Code Library link: https://codelibrary.amlegal.com/codes/mexicobeach/latest/overview

Investment Highlights:
- Tourist Commercial Designation: The lots are designated as "TOURIST COMMERCIAL," providing diverse development possibilities in line with the Mexico Beach Land Development Code.
- Generous Dimensions: Spanning 200 feet in length on Hwy 98 and 75 feet in depth on both 26th and 27th streets, the lots provide ample space for various construction options, from a new beach house or two to a fourplex or a tourist commercial structure or residential and business mix.
- Strategic Frontage: Fronting Hwy 98 at 26th and 27th St., the property enjoys high visibility and accessibility, enhancing its commercial potential for tourist-oriented activities. - Development Flexibility: With the previous site hosting a lucrative duplex at 2604 Hwy 98, the lot is primed for redevelopment, offering a blank canvas for investors to create a new coastal haven.
- Adherence to Guidelines: The Mexico Beach Land Development Code emphasizes low-intensity tourist-oriented commercial activities that complement the peace and tranquility of surrounding residential areas, ensuring a harmonious development approach.
- Proven Income Potential: The former duplex on the site of 2604 Hwy 98 signifies the potential for a lucrative income stream through rental or commercial endeavors in this sought-after beach view location.
- Unique Old Florida Charm: Capture the essence of Old Florida living, creating a space that reflects the charm and allure of this unique beach community while meeting modern development standards.

                
                    Highlights
                
                                **Prime Location**: Two "TOURIST COMMERCIAL" lots fronting US Hwy 98 in Mexico Beach, FL.
                            
                                **Dimensions**: 200 feet of frontage on Hwy 98; 75 feet deep on 26th St and 27th St, totaling 350 feet of road frontage.
                            
                                **Proximity to Beach**: Less than 500 feet from the sugar-white sands and Gulf of Mexico.
                            
                                **Development Potential**: Allows for construction of beachfront residences, a four-plex, or a commercial structure per local guidelines.
                            
                                **Community Integration**: Opportunity to create spaces that align with low-intensity, tourist-oriented activities.
                            
                                **Survey Available**: Confirmation of property details can be provided.