5020 Arena Road, Crestview

$10,900,000

0 Bed
0 Bath
19¾ Acres
0 Garage

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.

Essential Information
MLS® #991550
Price$10,900,000
Acres19.75
TypeCommercial Sale
StatusActive
Community Information
Address5020 Arena Road
Area25 - Crestview Area
CityCrestview
CountyOkaloosa
StateFL
Zip Code32536
Office

Scenic Sotheby's International Realty

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Listing information last updated on October 15th, 2026 at 6:37am CDT.