Development Opportunity, 25 Units/Acre
Vacant Land
for Sale
| Catylist Listing ID: |
30867784 |
| Property Subtypes: |
Industrial, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage
|
| Gross Land Area: |
3.52 Acres
|
| Sale Price: |
$625,000 |
| Unit Price: |
$177,556 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/3/2024 |
Overview / Comments
|
3.52 Acres of HC/LI zoned land in Escambia County, Pensacola Florida. Future Land Use of Commercial allows for the development of up to 25 Dwelling Units Per Acre according the the Escambia County Land Development Code. FEMA maps confirmed the property is within an X Flood Zone. Located at the corner of Chaseville and Melburn Ave, the property's proximity to Downtown Pensacola, I-110, NAS Pensacola and Beaches makes this site highly desireable for development. Melburn Ave was recently paved and with County Approval Only, could be vacated with easement access given to adjoining parcels for added acerage to the site. The parcel adjoins ECUA's property which gives this site availability for sewer access. Demographics within a 5 mile radius include a Total Population of 118,735 with an Average House Hold Income of $51,527
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Taxing Authority: |
COUNTY MSTU |
| Tax ID/APN: |
382S303000000000 |
| Zoning: |
HC/LI |
| Property Located Between: |
W Navy Blvd and Chaseville St. |
| Property Visibility: |
Good |
| Legal Description: |
Lengthy In File |
| Largest Nearby Street: |
W Navy Blvd |
| Traffic/Vehicle Count: |
20,000 |
| Airports: |
Pensacola International Airport |
| Site Description: |
3.52 Acres zoned Heavy Commercial and Light Industrial with a Future Land Use of Commercial located at the corner of Chaseville St and Melburn Ave in the Warrington Overlay of Unicorporated Escambia County. Just one parcel to the south of W Navy Blvd with access to I-110 just 3.5 miles distance. Centrally located with Downtown Pensacola 3 miles to the east and NAS Pensacola 3.5 miles to the south west |
| 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: |
174 |
| Lot Depth: |
780 |
| Zoning Description: |
Zoned Heavy Commercial and Light Industrial with a Future Land Use of Commercial |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,928 |
69,178 |
137,656 |
| Median Age: |
34.05 |
36.73 |
36.96 |
| Households: |
4,150 |
27,178 |
51,850 |
|
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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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