7.9 Acre Development Opportunity - Motivated Seller

Vacant Land for Sale
Catylist Listing ID: 29579880
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 7.90 Acres
Sale Price: $1,000,000
Unit Price: $126,582 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2019

Overview / Comments

Prime location & visibility with high traffic counts and great demographics. This vacant land is 7.9 acres with frontage on Mobile Hwy and Hobson Lane. Great site for an apartment developer. Owner will consider joint venture, build to suit or a ground lease.

• FOR SALE: $1,000,000
• Acres: 7.9
• Zoning: Com - Commercial, 25 Units per acre.
• Traffic Count: 34,000 Daily Cars

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 012S311102000004
Zoning: COM - COMMERCIAL
Property Located Between: Mobile Hwy & W Michigan Ave
Area Description: This parcel is located just south of the intersection of Mobile Hwy. and W. Michigan Ave. This property fronts Mobile Hwy, which is a major thoroughfare in west Pensacola. Neighbors include Bellview Middle School, Publix, Winn-Dixie, Walgreens, CVS, Pen Air Federal Credit Union, Wells Fargo, Verizon Wireless, McDonalds, Planet Fitness, Hungry Howies, Burger King, Pizza Hut, Whataburger, Taco Bell, Arbys and several motels.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,728 58,523 138,981
Median Age: 37.53 37.46 36.62
Households: 2,199 22,732 53,554
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