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Mixed-Use Land for Sale in Pace, Florida

5321 US Highway 90, Pace, FL 32571

$899,000
2.4 acres
Active
Est $6,750/mo

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
Elevation
115 feet
Coordinates
30.6022, -87.1021

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

Details and features

Listing

Type
Land

Structure

Water
Public

Nearby schools

NameType
Bennett C RussellElementary
AvalonMiddle
PaceHigh

Listing history

DateEventPriceChangeSource
Dec 8, 2025Price increase$899,000$50,000 5.9%PAR
Aug 23, 2025Price drop$849,000$150,000 -15%PAR
Dec 13, 2024Price increase$999,000$149,000 17.5%PAR
Feb 27, 2024New listing$850,000PAR
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This 2.4-acre property is located at 5321 US Highway 90 in Pace, FL 32571. The property is available for sale for $899,000 with a price per acre of $374,583.

Checked 2 hours ago — Updated

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