
Mixed-Use Land for Sale in Pace, Florida
5321 US Highway 90, Pace, FL 32571
Rare opportunity to acquire 2.4+/- acres in one of Pace's fastest-growing corridors. Ideally positioned along Highway 90 with approximately 200 feet of road frontage and exposure to 33,000+/- vehicles per day, this site offers exceptional visibility and accessibility. Located less than one block from the Pea Ridge Connector, the property sits in the center of a rapidly expanding area surrounded by strong retail, dining, educational, and residential growth. Nearby destinations include Lowe's, Walmart, Home Depot, Santa Rosa Commons, West Florida Regional Medical Center, Pensacola State College (Milton Campus), Sonny's BBQ, IHOP, and multiple new subdivisions. A new Caliber Collision Center is located directly adjacent to the property, further reinforcing traffic flow and demand. The property is well-suited for multi-family and mixed-use development opportunities with ingress and egress already installed helping reduce upfront development costs. With high traffic counts, excellent frontage, and a strategic location in the Pace/Milton growth corridor, this site offers outstanding long-term potential for developers and investors.
Location
- Street address
- 5321 US Highway 90
- County
- Santa Rosa County
- Elevation
- 115 feet
Directions
Head East on Hwy 90, the property is located on the south side between Lowes and Sherwin Williams. Less than one block Southeast of the Pea Ridge Connector.
Property details
- Acreage
- 2.4 acres
- MLS #
- PAR 640969
- Posted
Parcels
- 131N290000008000000
Legal description
BEG AT NW COR OF NE4 OF NE4 OF SEC 13 TOWNSHIP 1 NORTH RANGE 29 WEST TH E 398 FT TH S 547 FT TH W 398 FT TH N 547 FT TO POB AS DES IN OR 3911 PG 997 LESS OR 4444 PG 919 (NOW #8.1 FOR 2024)
Details and features
Listing
- Type
- Land
Structure
- Water
- Public
Nearby schools
| Name | Type |
|---|---|
| Bennett C Russell | Elementary |
| Avalon | Middle |
| Pace | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 8, 2025 | Price increase | $899,000 | $50,000 5.9% | PAR |
| Aug 23, 2025 | Price drop | $849,000 | $150,000 -15% | PAR |
| Dec 13, 2024 | Price increase | $999,000 | $149,000 17.5% | PAR |
| Feb 27, 2024 | New listing | $850,000 | — | PAR |






