Prime Retail Development Parcel

Vacant Land for Sale
Catylist Listing ID: 30725598
Property Subtypes: Office, Retail
Gross Land Area: 0.26 Acres
Sale Price: $54,900
Unit Price: $211,153 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/22/2021

Overview / Comments

This prime retail development is located on the corner of W Cervantes Street and North M Street in beautiful Pensacola. A total of 0.26 acres could potentially serve as a new office space or retail development.

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Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 000S009060019126
Zoning: C-3
Property Located Between: W Cervantes St. & N. M Street
Property Visibility: Excellent
Legal Description: S 8 50/100 FT OF LT 19 ALL LTS 20 21 22 BLK 126 OR 1827 P 568 LESS OR 105 P 255 STATE RD 10A WEST KING TRACT OR 1903 P 988/991 CA 115
Largest Nearby Street: W Cervantes St.
Traffic/Vehicle Count: 19,400
Highway Access: Highway 90, Highway 98
Airports: Pensacola International Airport
Zoning Description: Commercial (C-3)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,265 72,227 151,430
Median Age: 40.79 37.66 38.08
Households: 3,559 28,826 58,806

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