Developer Opportunity on Waterfront Acreage Overlooking Pensacola Bay

Vacant Land for Sale
Catylist Listing ID: 30298733
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 1.67 Acres
Sale Price: $1,180,000
Unit Price: $706,586 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2019

Overview / Comments

Location Location Location! This site is nestled in the desirable East Pensacola Heights. This area hosts many single family residential homes along with condominium and apartment living. Minutes away from excellent dining, shopping and downtown Pensacola.

This 1.67 acre developer opportunity consists of two parcels overlooking the Pensacola Bay. There is 240+/- front feet along Scenic Hwy with another 230+/- feet that overlooks the beautiful waterfront. The zoning is R-NC; Residential/Neighborhood Commercial. This zoning is established for the purpose of providing for a mixture of residential housing types and densities, professional uses and certain types of neighborhood convenience-shopping-retail sales and service uses. Residential and office or commercial uses shall be allowed within the same structure. There is a maximum of 35 dwelling units per acre.

• Excellent Developer Opportunity!
• Waterfront Parcel Overlooking Escambia Bay
• Ideal for Residential or Mixed-use Development!
• Highly sought-after location

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 052S295905013012 & 052S295905009012
Property Located Between: Chipley Avenue & E Cervantes St

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,544 31,117 94,169
Median Age: 42.42 43.31 40.01
Households: 2,444 14,286 38,474
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