Restaurant/Hotel Development Site by I-10

Expired Vacant Land for Sale
Catylist Listing ID: 29897273
Property Subtypes: Hospitality, Retail, Retail-Pad
Gross Land Area: 1.11 Acres
Sale Price: $525,000
Unit Price: $472,972 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 7/8/2017
Last Updated: 7/8/2017

Overview / Comments

This commercial lot is located in a very busy area directly off of I-10 Ramps. It is located amongst several nationally branded hotels(Red Roof Inn, Holiday Inn Express, Best Western) and restaurant chains (McDonalds, Burger King, & Hardees) and convenience store/gas stations. Ideal for restaurant site or hotel development.

There is a house on the property, but the value is in the land. Please do not disturb tenant of home. Call Listing Agent for an appointment.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 141S311101000000
Zoning: COMMERCIAL
Property Located Between: Pine Forest Road and Wilde Lake Blvd
Property Visibility: Excellent
Legal Description: N 330 FT OF E1/2 OF NE1/4 OF N E1/4 LESS E 232 FT OR 6305 P 1 165 LESS OR 4075 P 1194 ILLNOI S MUTUAL LIFE INSURANCE CO
Largest Nearby Street: I-10
Feet of Frontage: 158
Airports: Pensacola International Airport
Site Description: Rectangular Lot with level landscape
Area Description: Area is busy with highway traffic. There are multiple hotels within half a mile with supporting restaurants and c-stores.
Lot Frontage: 158
Lot Depth: 445
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,952 38,184 100,557
Median Age: 38.03 41.4 38.31
Households: 2,826 15,125 37,724

Contact

Photograph of Listing Agent

David P Wu

Coldwell Banker Commercial NRT Gulf Coast CMLS Member
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