Catylist ID:
#30854206
| Catylist Listing ID: | 30854206 |
| Property Subtypes: | Multi-Family, Retail |
| Gross Land Area: | 15 Acres |
| Sale Price: | $2,490,000 |
| Unit Price: | $166,000 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/24/2023 |
Overview / Comments
|
Welcome to an extraordinary real estate prospect—a sprawling 15-acre development vacant land that offers an ideal canvas for multifamily apartments, with the added potential for retail development. This parcel of land holds immense promise for visionary developers looking to create a vibrant, mixed-use community that seamlessly integrates residential living, retail convenience, and beachside allure. Nestled within a prime location, this 15-acre expanse offers an exquisite balance between accessibility and the allure of coastal tranquility. Positioned in close proximity to sandy beaches, this land offers a unique lifestyle proposition—a chance to savor the coastal ambiance while still enjoying the perks of urban amenities. The expansive acreage provides ample room for crafting innovative architectural designs, lush greenery, and community-centric spaces. Developers can consider a multi-faceted approach, integrating modern apartment complexes alongside thoughtfully designed retail spaces. This harmonious blend of residential and commercial zones not only caters to diverse needs but also creates a self-sustaining microcosm of convenience and leisure. With its strategic positioning close to both the beach and urban facilities, this development land responds to market dynamics favorably. It's an opportunity to cater to the desires of individuals seeking beachside living, while also accommodating those who appreciate the convenience of having retail establishments within arm's reach. Strategic planning will be paramount to ensure a cohesive and captivating development. Thoughtfully designed retail spaces can accommodate a range of businesses, from boutique shops to cafes, enhancing the community's vibrancy and offering residents a complete living experience. Meanwhile, the proximity to beaches offers a unique selling point that can be leveraged to attract homebuyers seeking a coastal lifestyle. Consideration for zoning regulations, sustainable infrastructure, and the seamless integration of residential and retail components will further elevate the project's allure. The development can include pedestrian-friendly pathways, recreational amenities, and green spaces, fostering an environment where residents can relax, socialize, and immerse themselves in the coastal atmosphere. Envision a community that captures the essence of beachside living while providing all the modern comforts and conveniences. This 15-acre development land is an invitation to create a harmonious tapestry of multifamily apartments and retail spaces, where residents can experience the joy of coastal living without compromising on urban amenities. With careful planning and a forward-thinking approach, this land has the potential to become a captivating destination that celebrates the best of both worlds. |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Tax ID/APN: | 26-2S-28-0000-00400-0000 |
| Zoning: | PBD |
| Property Located Between: | Soundside Dr and Nantahala Beach Rd. |
| Property Visibility: | Excellent |
| Legal Description: | *DESCRIPTION UPDATED FOR 2021*W 225 FT OF N2 OF LOT 3SECTION 26 TOWNSHIP 2 SOUTHRANGE 28 WEST LYING S OF HWYLESS OR 111 PG 420 ALG WITHTHE W 15 ACRES OF S2 OF LOT 3AS DES OR 4008 PG 194 |
| Largest Nearby Street: | Soundside Dr. |
| Feet of Frontage: | 223 |
| Traffic/Vehicle Count: | 36,000 |
| Highway Access: | Frontage on Hwy 98 (Gulf Breeze Pkwy) |
| Airports: | Pensacola Airport-19 miles, |
| Site Description: | The property has been previously cleared so the under brush is sparse and thin. The topography is flat and ideal for development. Their is a d.o.t. drainage currently through the property however the DOT has said it can be moved to accommodate a development. |
| Area Description: | Gulf Breeze, Florida, is a charming coastal town nestled along the shores of the Gulf of Mexico. Known for its stunning white-sand beaches, clear turquoise waters, and abundant sunshine, Gulf Breeze offers a relaxed and idyllic seaside escape. The town exudes a welcoming atmosphere, with a mix of modern amenities and a touch of old Florida charm. Residents and visitors alike enjoy a range of outdoor activities, from water sports and beachcombing to exploring nearby parks and nature trails. With its breathtaking views, coastal charm, and proximity to both Pensacola and Pensacola Beach, Gulf Breeze stands as a captivating gem on Florida's Gulf Coast. |
| Lot Frontage: | 223 feet |
| Lot Depth: | 1320 feet |
| Zoning Description: | Planned Business District (PBD) – To provide for planned developments along major arterials with business, commercial centers and housing. This district is designed to encourage flexible and creative concepts of site planning; preserve natural amenities of the land by encouraging functional open spaces; and provide for an efficient use of land resulting in smaller networks of streets and utilities thereby lowering development and housing costs and providing a stable environmental character compatible with surrounding areas. This zoning allows for up to 18 units per acre. |
| Topography: | Level |
| Easements: | Utilities, Other |
| Easements Description: | There is a DOT drainage easement that runs onto the property however we have been told by DOT that this drainage can be relocated to the boundary of the property. |
| Soil Type: | Sandy |
| Available Utilities: | Electric, Water, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,842 | 15,293 | 26,305 |
| Median Age: | 48 | 42.79 | 41.44 |
| Households: | 764 | 6,204 | 10,495 |
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