4.33 Acres with 900+ Ft Frontage Hwy.

Vacant Land for Sale
Catylist Listing ID: 28749180
Property Subtypes: Hospitality, Office, Retail, Self Storage, Other
Gross Land Area: 4.33 Acres
Sale Price: $779,400
Unit Price: $180,000 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/11/2024

Overview / Comments

CORNER LOT AT INGRESS/EGRESS POINT FOR PLANNED 800 ACRE COMMERCIAL/RESIDENTIAL DEVELOPMENT! GIVE US A CALL ON THIS GREAT OPPORTUNITY, IT MAY NOT LAST LONG!

This 4.5 acre property has over 900 ft. of frontage on Hwy. 29 and access to all four lanes of traffic through two existing breaks in the divided highway, one of which is slated to have traffic lights installed as part of Escambia County's Well-Line Road expansion project. The current average FDOT traffic figure for this section of highway 29 is 24,332 daily. The county has a plan to expand this section of highway 29 from the current four lanes to eight lanes to support the Beulah Expressway I-10 to US-29 Interchange, once approved.

The north border fronts on Well Line Rd, which is slated for expansion to provide primary ingress and egress to Highway 29 for the planned 800 acre Commercial/Residential development on Jack's Branch and the Well-Line Extension. The property consists of roughly 3 acres of dry buildable land. It could be easily divided into two lots with roughly 1.5 dry acres (65,000sf) each. The North lot on the corner of Hwy 29 and Well Line Rd is already cleared.

This undeveloped parcel sits at the southwest corner of the intersection of US Hwy. 29 and Well Line Rd. in Cantonment, FL. Overall site visibility is unrestricted. There are a large number of existing residential communities in the area and additional developments are both planned and underway. US Hwy. 29 is a divided 4 lane artery connecting Pensacola and the coast to the northern part of Escambia County, AL, and Interstate 65.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 111N312302000000
Zoning: HC/LI
Market Type: Rural
Road Type: Paved
Property Visibility: Excellent
Legal Description: Beg At Inter Of N Li Of Sec And W Li Of Rr S Alg Rr 660 Ft For Pob Continue S Alg Rr 188 Ft W 214 Ft N 188 Ft E 2 Ft Nly 16 5/10 Ft E 212 5/10 Ft To Pob Or 4608 P 604
Largest Nearby Street: US Highway 29
Feet of Frontage: 930
Traffic/Vehicle Count: 24,332
Highway Access: I-10 approx 15 Miles distance.
Airports: Pensacola Airport approx 20 Miles distance.
Site Description: Site has Excellent exposure on HWY 29 North, with High DOT Traffic count...This 4.5 acre property has over 900 ft. of frontage on Hwy. 29 and access to all four lanes of traffic through two existing breaks in the divided highway, one of which is slated to have traffic lights installed as part of Escambia County's Well-Line Road expansion project.
Area Description: THE SITE IS AN UNDEVELOPED PARCEL AT THE SOUTHWEST CORNER OF THE INTERSECTION OF US HWY. 29 AND WELL LINE RD. IN CANTONMENT, FL. OVERALL SITE VISABILITY IS UNRESTRICTED. THERE ARE A LARGE NUMBER OF RESIDENTIAL COMMUNITIES IN THE AREA. US HWY. 29 IS A DIVIDED 4 LANE ARTERY CONNECTING PENSACOLA AND THE COAST TO THE NORTHERN PART OF ESCAMBIA CO., ALABAMA AND INTERSTATE 65.
Lot Frontage: 930
Lot Depth: 456
Zoning Description: GBD
Development Name: HWY 29 & Well Line Road
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Storm Drain, Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 989 9,533 31,276
Median Age: 33.99 38.5 40.5
Households: 374 3,455 11,563

Contact

Photograph of Listing Agent

Chris Green, Jr

Coldwell Banker Commercial Realty Gulf Coast CMLS Member
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