+/- 17 Acres Olive Rd & Davis Hwy
Vacant Land
for Sale
| Catylist Listing ID: |
30866829 |
| Property Subtypes: |
Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail
|
| Gross Land Area: |
17 Acres
|
| Sale Price: |
$1,000,000 |
| Unit Price: |
$58,823 Per Acre |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
5/3/2024 |
Overview / Comments
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+/- 17 Acre Commercial Development Site in the heart of the Ferry Pass between N. Davis Hwy and E. Olive Rd. Pensacola, FL. Split zoning with +/-12.11 acres zoned COM allowing 25 units per acre, and +/-4.89 acres zoned MDR allowing 10 units per acre. The site is within the service area of the Pensacola Bay Mitigation Bank. Site accessibility includes Olive Rd with 100 feet of frontage & curb cut and second entrance at Olive Rd and Binkley St with full median cut. Additional access to the site from the stop light at Davis Hwy/Klinger St and via turn lane at Davis Hwy/Berg St. Demographics within a 5 mile radius include a Total Population of 91,515 and Average House Hold Income of $59,402. Immediate surroundings include West Florida Hospital, Ferry Pass Plaza, University Town Plaza, University Town Center, I-10/I-110, Ellyson Industrial Park and The University of West Florida. Olive Rd AADT 18,000 and Davis Hwy AADT 57,000. I-10 and I-110 is less than one mile. Located next to the Davis Hwy Escambia County Area Transit Bus Route.
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Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Taxing Authority: |
COUNTY MSTU |
| Tax ID/APN: |
181S301304002001 |
| Zoning: |
COM/ MDR |
| Property Located Between: |
Davis Hwy and Binkley St |
| Property Visibility: |
Excellent |
| Legal Description: |
3 Total Parcels. Lengthy in file. |
| Largest Nearby Street: |
Olive Rd |
| Feet of Frontage: |
100 |
| Traffic/Vehicle Count: |
18,000 |
| Highway Access: |
Less than 1 mile to I-10 & I-110 |
| Airports: |
Pensacola International Airport |
| Site Description: |
3 parcels with access from Olive Rd and Fairburn St. Split zoned with 12.11 acres Com and 4.89 acres MDR. 2 points of Access from Olive Rd and 2 Points of Access from Davis Hwy. Wetlands Study report conducted May of 2021 showed approximately 6.23 Acres of Uplands on the property. |
| Area Description: |
Pensacola's MSA provides N/S and E/W connectivity with it's 2 Federal Interstates, 3 Federal Highways and 8 State Highways. Additional infrastructure includes Pensacola International Airport, Direct Rail with CSX Transportation, Genesee & Wyoming, and the Port of Pensacola. According to the Florida West Economic Development Alliance, "The Department of Defense (DoD) is the largest economic engine in Greater Pensacola, with more than $7.8 billion in total economic impact. Greater Pensacola Region is home to Naval Air Station (NAS) Pensacola, Saufley Field, Corry Station, Naval Hospital Pensacola and Whiting Field. The Greater Pensacola area is home to more than 35,000 military retirees—the second largest concentration in the nation." |
| Lot Frontage: |
100 |
| Lot Depth: |
1019 |
| Zoning Description: |
Commercial and Medium Density Residential |
| Available Utilities: |
Electric |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,332 |
61,943 |
135,166 |
| Median Age: |
38.23 |
36.02 |
38.33 |
| Households: |
3,298 |
25,258 |
53,827 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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