31 Acre Residential Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 29618415
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 31.10 Acres
Sale Price: $445,000
Unit Price: $14,308 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2017

Overview / Comments

Recently sold Pensacola properties are the latest reflections of the real estate market in Pensacola. This 31 acre parcel is a great development opportunity for a Single Family, High-Density Multi Family, High Density Residential development. Nestled minutes from the intersection of N. Davis Hwy and Creighton Rd. with access to Interstate 10 and Interstate 110.

• Developer Opportunity!
• Scarce, large property located next to Interstate 10 & 110 in the epicenter of Pensacola.
• This is an ideal location for single family and/or a medium high density development.
• Zoning: HDR - High Density Residential, 18 Units per Acre.

Attachments & Media

Additional Details

Nearest MSA: Arcadia
County: Escambia
Tax ID/APN: 291S301103000000
Zoning: HDR: HIGH DENSITY RESIDENTIAL, 18 UNITS PER ACRE
Property Located Between: Hilburn Lane & Hilburn Place
Area Description: Location, Location, Location! This property is situated on Hilburn Lane, directly off Creighton Rd which intersects with N. Davis Hwy. This intersection is a major thoroughfare in Pensacola which allows access to most anywhere in Pensacola within 15 Minutes. Minutes away from University Town Plaza, Cordova Mall (Northwest Florida's most popular shopping destination), Sacred Heart Hospital (Pensacola's largest private employer), Pensacola International Airport, & Pensacola State College. The Cordova Mall submarket is Pensacola's premiere shopping and dining area.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,520 68,789 153,349
Median Age: 33.58 37.37 38.29
Households: 3,228 28,350 61,718
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