Hard Corner West Nine Mile Road

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30872964
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 2.44 Acres
Sale Price: $1,100,000
Unit Price: $450,819 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/11/2024

Overview / Comments

Hard corner lot at W Nine Mile Road and Rebel Road. Currently zoned LDR, and rezoning to commercial. The property is directly across from the newly built $45 MM Beulah Middle school. With is hard corner position and over 256 foot of frontage, visibility and access are optimum.

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 061S314202000006
Zoning: LDR
Property Located Between: Nine Mile and Rebel Road
Property Visibility: Excellent
Legal Description: in file
Site Description: Located at the junction of West Nine Mile and Rebel Road, this 2.44-acre lot boasts a prime position as a hard corner lot. Currently zoned as LDR, the property is in the process of being rezoned for commercial use. Situated directly opposite the newly constructed $45 million Beulah Elementary School, and just a stone’s throw away from Beulah Road with its illuminated intersection and the bustling Publix Shopping Center, this site is strategically placed for maximum exposure.
Area Description: With Navy Federal’s $1 billion main campus less than two miles away, which is set to generate 10,000 jobs by 2026 with a combined payroll of $425 million and a staggering $1 billion capital injection into the local economy, the demand for high-paying employment opportunities in the vicinity has skyrocketed. As a result, a flurry of commercial developments and new residential subdivisions have sprung up in the area, making this corner lot a lucrative investment opportunity worth considering. Developments in Immediate Area Waffle House purchased the adjacent parcel in March 2024. Nearby Wawa will open in 2025 Luxury $60MM Multi-Family The Quinn is currently under construction Capstone Contractor recently completed $61.31 MM luxury 362,000 SF APT / Townhome Evolve
Lot Frontage: 256
Lot Depth: 400

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,291 23,737
Median Age: 41.17 40.36
Households: 3,410 8,957

Contact

Photograph of Listing Agent

Cameron Cauley, SIOR MiCP CCA

NAI Pensacola Gulf Coast CMLS Member
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