**Currently, there are two six-month ground leases in place.** Immerse yourself in the unparalleled charm of Olde Florida living with this exceptional lot in Mexico Beach, Florida – a hidden gem along North Florida's Gulf Coast. Boasting a prime location, this "TOURIST COMMERCIAL" designated lot, measuring 100 feet by 75 feet, is positioned within an arm's reach of the Gulf of Mexico, offering a rare opportunity to embrace coastal living at its finest. Situated prominently on Hwy 98 at 27th St., this strategically located property was once the site of a thriving duplex, setting the stage for a new chapter in coastal real estate development. With the flexibility to construct a new beachfront residence, a duplex, 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. Capture 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 lot; it's an invitation to shape a coastal haven that mirrors the allure of this unique Olde Florida beach community. (NOTE: Two ground lease tenants are on site: a food truck/trailer and a snow cone cart. Please do not bother tenants or impede their business. Two six-month ground leases are in place. The leases are short-term, and lease copies will be provided within 5 days of going under contract on the property for the buyer to review. An NDA must accompany any offer to receive them and the lease amounts.)