6+ ACRES WATERFRONT DEVELOPMENT OPPORTUNITY ON BAYOU GRANDE
|Catylist Listing ID:
Mobile Home Park, Multi-Family, Residential (Single Family)
|Gross Land Area:
||$58,176 Per Acre
||Cash to Seller, Purchase Money Mortgage
Overview / Comments
The Military has said that many more personnel are coming to Pensacola so this area of town will just keep growing! This is one of the few larger developable parcels left on Bayou Grande and is perfect for a large estate like the one next door to it or a waterfront high density residential development . About 3/4 of the parcel is in flood zone "X" and with the MDR zoning this 6+ acres could be developed into about 60 dwelling units. It's possible it could be rezoned to a higher density as more rental apartments will be needed in this area of the County and a waterfront rental community should be great in this location! There is County right-of-way access but the road was never built. The Gerald Road County right-of-way continues to the east along the north boundary of the parcel to access the property. Property is wooded and could be transformed into a great waterfront community of patio homes or "Tiny Homes" with community dock. The western property line can be seen from the end of Wade Ave on the other side of the cleared property and home that lies there. The distance from the corner of Wade & Gerald to the northwest corner is about 310 feet.
Attachments & Media
||Escambia County Property Appraiser
332S311000001089 - Full Legal Description
LTS 38 40 41 & 61 BLK A & W 1/2 OF 5TH AVE ADJ LTS 38 TO 41 & 61 & AILEEN AVE N OF LT 61 BLK A GULF BEACH MANOR PB 1 P 16 OR 1017 P 776 LT 89 LESS GULF BEACH MANOR DB 327 P 331 BEYREUTH S/D PLAT DB 74 P 100 SEC 33/4 T2/3S R31 OR 2997 P 356
|Largest Nearby Street:
||GULF BEACH HWY
||MEDIUM DENSITY RESIDENTIAL - 10 UNITS PER ACRE
|In Flood Plain?:
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