Corner Commercial Lot

Vacant Land for Sale
Catylist Listing ID: 30033881
Property Subtypes: Office, Retail
Gross Land Area: 0.29 Acres
Sale Price: $82,500
Unit Price: $284,482 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2017

Overview / Comments

Corner lot located at the northeast corner of North Pace Boulevard and West Wright Street. The property is improved with a 2,238 SF residential building which is not the highest and best use. The structure is considered an interim use only due to the condition, high traffic volume, surrounding property uses and zoning. However the property is producing $1,300/mo. gross income creating additional value to the vacant land.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 00-0S-00-9060-004-145
Zoning: C-1, RETAIL COMMERCIAL CITY OF PENSACOLA
Property Located Between: West Wright and West Belmont Streets
Property Visibility: Good
Legal Description: A portion of Block 145 West King Tract, Pensacola, Escambia, Florida
Largest Nearby Street: Pace Boulevard
Feet of Frontage: 915
Traffic/Vehicle Count: 13,500
Highway Access: Pace Boulevard and West Wright Street
Airports: Pensacola International
Site Description: The site is level mostly cleared and part fenced. As described the site is improved with an aging residential structure.
Area Description: Pace Boulevard is a moderately traveled main road that bisects the neighborhood. Uses in the neighborhood include Dollar General, Thrifty Nickel, Global Learning Academy and other mixed uses including offices and residential.
Lot Frontage: 91.5
Lot Depth: 146.56
Zoning Description: C-1
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,694 71,040 147,152
Median Age: 39.12 37.3 37.93
Households: 4,560 28,518 56,970

Contact

Photograph of Listing Agent

Michael Miragliotta

Coldwell Banker Commercial NRT Pensacola Gulf Coast CMLS Member
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