2.67 Acres Mobile Hwy Across From Walmart

Vacant Land for Sale
Catylist Listing ID: 29966541
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 2.67 Acres
Sale Price: $995,000
Unit Price: $372,659 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2017

Overview / Comments

Sale contract in place - back up contracts welcomed.

Major Price Reduction....was $1,250,000....now $995,000. 2.67 Acres, Zoned Heavy Commercial at $8.56 PSF.

High visibility highway frontage with over 35,000 vehicles passing by daily. Located across the street from Pep Boys and Walmart at the SW corner of Mobile Hwy and Tonawanda Drive. Ideal location for retail, restaurant, hospitality or most any other commercial businesses. Property is 305' x 266' x 492' x 70' x 249' x 52' (See attached survey).

While there is currently a 18 room motel on the property, the value is in land. Land could be divided into 2 parcels (After purchased...Seller not interested). Ideal for 2 sites. Sewer to property (lift station on-site)

Neighbors in the area: Walmart, Pep Boys, Waffle House, Denny's, Advanced Auto Parts, Home Depot, Lowes, Walgreens, Office Depot.

Priced below recent comps in the neighborhood!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 14-2S-30-8001-015-001
Zoning: HC/LI
Market Type: Medium
Property Located Between: Fairfield Dr and Tonawanda
Side of Street: South
Road Type: Highway
Property Visibility: Excellent
Legal Description: Lengthy In File
Largest Nearby Street: Fairfield Dr
Traffic/Vehicle Count: 35,500
Transportation: Bus, Highway
Highway Access: Fronts on Mobile Hwy (Hwy 90)
Airports: Pensacola International Airport
Site Description: Corner location with frontage on six lane highway.
Area Description: Heavy retail area.
Lot Frontage: 305'
Lot Depth: 266'
Zoning Description: HCLI (Heavy Commercial/ Light Industrial)...allows for most commercial uses.
Development Name: Currently 'Oceola Motel'
Topography: Level
Easements: Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,364 85,189 152,272
Median Age: 34.78 35.64 37.08
Households: 4,128 31,466 59,930

Contact

Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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