Premier Commercial Development Site - 14.35+/- Acres

Vacant Land for Sale
Catylist Listing ID: 30817932
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 14.35 Acres
Sale Price: $5,750,000
Unit Price: $400,696 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2023

Overview / Comments

Rare Opportunity to purchase 14.35+/- acres, one of the last large acreage Commercial / R3 - Medium High Density Zoned properties along US 90 in Pace, Florida. This property offers the depth and road frontage for a multitude of development opportunities in the Heart of Pace.

The site contains an approximately 14.35 acres with approximately 550 feet of frontage along US Highway 90 with 31,500 AADT and 1,220 feet of frontage along Boone Road. The property offers 2.53+/- acres zoned HCD: Highway Commercial Development with 11.7+/- acres zoned R3 - Medium High Density (18 Units Acre) Santa Rosa County's population has grown by over 24% in the last decade making it the fastest growing county in the Florida Panhandle.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 11-1N-29-0000-01800-0000;11-1N-29-0000-01400-0000;11-1N-29-0000-01001-0000;11-1N-29-0000-00900-0000;11-1N-29-0000-01000-0000;11-1N-29-0000-01100-0000
Property Located Between: Boone Road & Jerry Drive
Property Visibility: Excellent
Legal Description: See County Parcels:11-1N-29-0000-01800-0000;11-1N-29-0000-01400-0000;11-1N-29-0000-01001-0000;11-1N-29-0000-00900-0000;11-1N-29-0000-01000-0000;11-1N-29-0000-01100-0000
Largest Nearby Street: US 90
Feet of Frontage: 1,220
Traffic/Vehicle Count: 33,000
Highway Access: Access provided currently by US 90 from Boone Road and Jerry Drive
Airports: Pensacola International Airport
Site Description: Property is primarily level and primarily considered uplands
Area Description: Santa Rosa County is the fastest growing county within Florida Panhandle showing 24% growth over the last decade.
Lot Frontage: 550'+/-
Lot Depth: 1,220'+/-
Zoning Description: HCD: Highway Commercial Development R3 :Medium High Density
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,738 27,646 51,266
Median Age: 37.85 38.08 38.74
Households: 663 10,400 19,716


Photograph of Listing Agent

Trey Potts

Salter Commercial LLC Gulf Coast CMLS Member
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